KHRC calls for hustler fund shutdown, cites failure to deliver impact
Автор: Citizen TV Kenya
Загружено: 2025-08-04
Просмотров: 4764
Описание: The Kenya Human Rights Commission (KHRC) wants the government to abolish the financial inclusion fund, popularly known as the hustler fund, citing deep structural flaws that threaten its viability. In a damning report released on Monday titled Failing the Hustlers, the rights watchdog warns that the fund is on course for financial disaster, lacking a sustainable framework to truly empower Kenya’s poor. The report highlights a staggering 68% default rate, revealing that for every KSh 500 loan disbursed, KSh 340 is effectively lost. The Ministry of Cooperatives and MSMEs has dismissed the report as misleading and malicious.
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