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Ruto Gifts Mombasa Businessman for Borrowing Ksh 700K

November 30, 2023
Reading Time: 3 mins read
President William Ruto During Hustler Fund First Anniversary Celebrations. Photo/Pcs.

President William Ruto during Hustler Fund First Anniversary Celebrations. PHOTO/PCS.

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President William Ruto has promised to gift Harrison Kenga, a Mombasa based businessman a new Tuk Tuk to boost his business.

Speaking during the Hustler fund first anniversary celebrations on November 30, Ruto lauded the businessman for his consistency in borrowing and repaying his loans.  

The head of state highlighted the story of Kenga who he noted had already borrowed over Ksh700,000 from the hustler fund initiative. 

“I am very excited to meet you for the very first time Kenga.  He has not come here to waste his time; this is a businessman. Today he is leaving this place with his own tuktuk.

“He has now borrowed more than Ksh700,000. When we increased his limit from Ksh800 to ksh1,600, he continued to borrow and repay his loans,” stated Ruto.

President William Ruto During Hustler Fund First Anniversary Celebrations. Photo/Pcs.
President William Ruto during Hustler Fund First Anniversary Celebrations. PHOTO/PCS.

Also Read: Questions After Treasury Cuts Hustler Fund Budget by Half

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Ruto Makes More Promised to Kenga

Further, the president revealed that Kenga had already saved up to ksh35,730 in the compulsory deductions that go into savings when individuals borrow from the fund. 

Additionally, he promised to increase the businessman’s savings by Ksh3,000 noting that he would do the same to all other borrowers.  

“And he revealed to me that the Tuktuk does not belong to him. He was hired to operate it. Because he has surpassed the Ksh6,000 mark in his savings, we will give him an additional Ksh3,000 to go towards his savings. 

“That goes to all other borrowers. It you have saved up to ksh6,000, we are going to match the equivalent in the ration of 2:1,” added the president.


Also Read: Ruto Orders Ministry to Trace TukTuk Man After Phone Call


President Makes Random Call to Kenga 

Earlier on November 9, Ruto randomly called Kenga before his inaugural State of the Nation address surprising Kenyans.

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According to the President, Kenga has been a huge champion of the Hustler Fund as a borrower. 

It was then that Kenga expressed his interest in expanding his Tuk tuk business and asked for help from the president.

“I called Harrison Kenga, a Tuk Tuk operator in Mombasa who has accessed Ksh714,000 from the Hustler Fund,” Ruto revealed.

In a follow up of his calls, the president directed Ministry of Cooperatives and MSMEs to locate Harrison Kenga for further discussions.

President William Ruto During Hustler Fund First Anniversary Celebrations. Photo/Pcs.
Boda boda rider during Hustler Fund First Anniversary Celebrations. PHOTO/PCS.
Tags: BussinessFirst AnniversaryGiftHarrison KengaHustler fundPresident William Ruto

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