Hustler fund terms and conditions: What To Know Before borrowing

Need financial backing for your business or personal growth? Learn about the Hustler Fund and its inclusive lending policies via mobile money in Kenya.

Jun 5, 2023 - 08:19
Hustler fund terms and conditions: What To Know Before borrowing
Hustler fund terms and conditions: What To Know Before borrowing

Hustler Fund, a transformative initiative launched by President William Ruto, is fueling dreams and sparking hope for individuals, micro-enterprises, and SMEs in Kenya. With a hefty KES 50 billion at its disposal, the fund is transforming the economic landscape, providing the financial backing for businesses to soar and for individuals to improve their lives.

The novel aspect of the Hustler Fund is its accessibility - it is available via mobile money deposits. Users can access the fund through M-PESA, Telkom Kenya's T-Kash, or Airtel Money. Notably, these are the only public access channels, although having more choices, such as bank deposits, would be helpful.

The Hustler Fund: How Does It Work?

Now that we've discussed the basics let's delve into the specifics of accessing and using the Hustler Fund.


You only need to dial the USSD code *254# on any network to register. After accepting the terms and conditions, you'll be asked to enter your mobile money PIN. The registration process concludes with a confirmation message indicating successful registration and your borrowing limit.

The Hustler Fund is user-friendly, and you can also access it via the MPESA App. Within the app, you tap on the Services icon, then the Finance icon, and finally, the Hustler Fund icon.

Borrowing Limits

Personal loans range from KES 500 to KES 50,000, while loans for groups, also known as Chamas, range from KES 50,000 to KES 250,000. SMEs enjoy a higher limit of up to KES 10 million. The loans have an 8% annual interest rate, making them affordable to repay.

The fund is kind to those who miss their repayment dates. You won't be listed on the CRB if you default on repaying your loan, and you can reborrow.

Eligibility Criteria

The Hustler Fund embraces inclusivity, but there are a few eligibility requirements:

  • You must be at least 18 years old
  • You must be a permanent Kenyan resident
  • You must belong to duly registered Chamas or SACCOS

Repayment Schedule

The loans need to be repaid within 14 days. If you go beyond this period without repayment, the interest rate will increase to 9.5% annually. Furthermore, the fund will freeze your account if you go 30 days without paying your loan.

Terms and Conditions

The Hustler Fund has specific terms and conditions for fair and practical usage. Among these, 5% of the loan advance goes toward savings. Should you default on your loan, interest will accrue at 9.5% p.a. from the 15th day. In the case of total repayment, the short-term savings are only accessible after 365 days from the date of disbursement of the loan.

READ ALSO: Hustler Fund App: All You Need to Know Including Loan Terms, Intrest Rates, And Eligibility


The Hustler Fund has brought fresh air to Kenya's financial landscape and made a massive difference in the lives of individuals, micro-enterprises, and SMEs across the country. Its accessibility via mobile money and its flexible and inclusive lending policies have made it an economic game-changer.

Since its launch, the Hustler Fund has touched countless lives, giving Kenyans the means to propel their businesses forward, better their lives, and contribute significantly to the country's economic growth. Furthermore, supporting the entrepreneurial spirit inherent in many Kenyans boosts local innovation and provides hope for a brighter financial future.

As more people adopt the Hustler Fund as their go-to financial solution, we can anticipate further growth in the country's SME sector and overall economic development. The future, indeed, looks promising.

For those yet to experience the benefits of the Hustler Fund. The process is simple, the terms are friendly, and the potential benefits are immense. By seizing this opportunity, Kenyans can contribute to the country's economy while improving their financial stability and growth.

Whether you are a business owner looking for a cash injection, a micro-enterprise looking for growth capital, or an individual keen on bettering your life, the Hustler Fund is a viable tool to consider.

As we look forward to more prosperity and financial inclusion in Kenya, the Hustler Fund is paving the way, demonstrating the power of innovative, accessible, and user-friendly financial solutions in uplifting communities and nations.

Lastly, it's essential to understand the terms and conditions thoroughly before taking a loan. A careful understanding of the fine print will help you to avoid any unexpected consequences and fully leverage the benefits of this particular fund. Remember, financial responsibility is the key to sustainable growth.

Joseph Richard Joseph is a graduate of Mathematics and Computer Science (Applied Option). With expertise in Technology and Finance, he brings his knowledge to the field, demonstrating an authoritative understanding of these interrelated areas. Joseph is pursuing a Master's in Software Engineering, further expanding his skill set.