According to the Cooperatives and Micro and Medium Enterprise Development CS Simon Chelugui, Kenyans have borrowed Kes27 billion.

During the launch of Airtel’s premier product, he noted that the government handles 235,000 transactions per second of the Hustler Fund.

“For rich man 500 shillings is nothing, but for a hustler, that is enough reason to put food on their tables. Our detractors should know this,” he said.

Further, Chelugui said that the Hustler Fund has the approval of 42 per cent of Kenyans.

“As we speak today, 42 percent of Kenyans have given this programme the highest approval and rating for its success,” said Chelugui.

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Chelugui observed that 19 million Kenyans have since benefited from the plan.

The CS also thanked leading telecommunications providers Safaricom and Airtel for being at the forefront of the fund’s success.

Moreover, he stated that the government plans to raise the hustlers’ funds to 200,000.

President William Ruto launched the Kes50 billion Hustlers Fund in November last year to see Kenyans borrow up to Kes50,000 at an 8 per cent interest rate.