The Hustler Fund is a Government digital financial inclusion initiative with a loan and saving scheme accessed via mobile phone. The loan limits range from a minimum of Ksh 500 to a maximum of Ksh 50,000 at an interest rate of 8 percent is charged. Ministry of Co-Operatives and Micro, Small, and Medium Enterprises (MSME) Development Contact Details

Apply via Mobile

1. The Hustler fund loan is accessible through a USSD code*254# via mobile applications or download the Hustler fund loan mobile app from Google Play and App store.
2. Across all mobile networks (Safaricom, Telkom, or Airtel phone numbers) applicant should dial the USSD code *254# and call.
3. A message will be displayed on the screen welcoming the applicant to the Hustler Fund. There are three options displayed on the screen. Choose the first option, "Register" and then accept the terms and conditions, to join the Hustlers platform.
4. Enter your personal mobile money PIN and click on the “Send” tab to complete the registration process. A registration confirmation message is to be sent to the registered phone with the amount the borrower qualifies for within a few hours.
5. Upon receiving the message with the limit, redial the USSD code*254# and choose the "Request Loan" option to view loan limit, interest rate, and loan tenure, then tap on “Confirm” to proceed.
6. Next, enter the loan amount, which should not exceed the loan limit as stated in the SMS, then click on the “Send” option
7. Enter your personal mobile money PIN and confirm the loan details to complete the transaction. Wait for an SMS notification on the loan allocation to your mobile money wallet and relevant loan information.
8. Hustler Fund does not charge processing fees however a saving of five (5) percent is channeled towards saving.
9. The loan amount must be repaid within 14 days from the disbursement date, failure to repay the loan within 15 days after the default date, the interest rate is adjusted to 9.5 percent per annum from 8 percent per annum. The borrower’s account will be frozen and he/she will lose their existing credit score if their defaults on loan repayment.
10. The loan repayment will be made from your Mobile Money account; for example, the borrower can offset the loan manually through the USSD code *254# or mobile app.

• No supporting documentation is required for this service.

Ministry of Co-Operatives and Micro, Small, and Medium Enterprises (MSME) Development
Address: NSSF, Bishops Road, Nairobi
Kenya
P.O Box 30547 – 00100
Nairobi
Tel: 020-2731531-9
Fax: 2731511
Email: ps@ushirika.go.ke
Ministry Contact Details
Ministry Website

To be eligible applicants should meet the following criteria;

• Individuals must be Kenyan citizens 18 years of age and above.
• Must have a valid Kenya National Identity Card (ID)
• Registered Micro, small and medium-sized enterprises (MSMEs)
• Must have a registered mobile number from a recognized Mobile Network Operator in Kenya, i.e., either Airtel, Safaricom or Telkom, i.e., either Airtel, Safaricom or Telkom
• Have a mobile money account, i.e., either Airtel Money/M-PESA/T-Kash
• The SIM card in question can/will only be eligible if it has been used for more than 90 days.
• Reside and conduct economic activities in Kenya.
• Provide the Location of residence during the onboarding process (where applicable)
• The loan limits range from a minimum of Ksh 500 to a maximum of Ksh 50,000

• Hustler Fund does not charge processing fees however a saving of five (5) percent is channeled towards saving.

• Payment of the borrowed loan should be made within 14 days of accessing the loan, after 14 days a penalty is imposed i.e the interest rate is adjusted to 9.5 percent from 8 percent per annum.
• The borrower loses all the credit score accumulated and their Hustler Funds account is frozen if they don’t repay the loan 30 days after the default date.

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• Processing time is within a few hours.

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is dkisplayed. 
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

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e.g. The state office holds birth records since January 1908.

• National identity card number
• Mobile Money PIN

The Hustler Fund is a Government digital financial inclusion initiative with a loan and saving scheme accessed via mobile phone. The loan limits range from a minimum of Ksh 500 to a maximum of Ksh 50,000 at an interest rate of 8 percent is charged.

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Please explain what are other uses for obtaining this document/certificate. 
e.g. Birth Certificate can be used as proof of identity.

Ministry of Co-Operatives and Micro, Small and Medium Enterprises (MSME) Development

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