{"id":249108,"date":"2023-02-03T19:52:45","date_gmt":"2023-02-03T17:52:45","guid":{"rendered":"https:\/\/www.africa-newsroom.com\/press\/president-ruto-hustler-fund-to-increase-loan-limit?lang=en"},"modified":"2023-02-03T19:52:45","modified_gmt":"2023-02-03T17:52:45","slug":"president-ruto-hustler-fund-to-increase-loan-limit","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/president-ruto-hustler-fund-to-increase-loan-limit\/","title":{"rendered":"President Ruto: Hustler Fund to Increase Loan Limit"},"content":{"rendered":"<div class=\"image_wrap\"><img decoding=\"async\" src=\"https:\/\/www.africa-newsroom.com\/files\/thumb\/0394a7744056ef9\/600\/418\" alt=\"President of the Republic of Kenya\" \/><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.africa-newsroom.com\/africarc\/loganalytics?press_id=238264&amp;press_source=President of the Republic of Kenya\" width=\"1\" height=\"1\" \/><\/p>\n<p>Six million subscribers of the Hustler Fund will now be eligible to access more money in a review of their borrowing history at the end of the month.<\/p>\n<\/p>\n<p>President William Ruto said the Hustler Fund will review its 18 million user&rsquo;s borrowing history after every four months and award them a financial grade.<\/p>\n<p>He explained that the financial grade will determine one&rsquo;s loan limit based on how regularly they borrow and repaid.<\/p>\n<p>&ldquo;By the end of this month, every borrower will be assigned a financial grade. This will explain what makes one have a good grade,&rdquo; he added.<\/p>\n<p>The President also announced the launch of a new product, Hustler Fund Micro Credit, that will allow Saccos and Groups to borrow on behalf of their members by the end of the month.<\/p>\n<p>President Ruto made the remarks during the Kenya Police Sacco 50th Anniversary Celebrations and opening of Police Sacco Stadium in South C, Nairobi County.<\/p>\n<p>Present were Cooperatives and MSMEs Development Cabinet Secretary Simon Chelugui, Interior Principal Secretary Raymond Omollo, Nairobi Governor Johnson Sakaja and senior police officers.<\/p>\n<p>At the same time, The President said the Government will support cooperative societies to improve access to credit and nurture the culture savings among Kenyans.<\/p>\n<p><i>Distributed by APO Group on behalf of President of the Republic of Kenya.<\/i><\/p>\n<div class=\"well well-sm\"><b>Media files<\/b><br \/><a href=\"https:\/\/www.africa-newsroom.com\/files\/large\/026d0e8ad4c3dbd\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.africa-newsroom.com\/files\/large\/026d0e8ad4c3dbd\" alt=\"President of the Republic of Kenya\" style=\"max-width:500px\" \/><\/a><br \/><a href=\"https:\/\/www.africa-newsroom.com\/files\/download\/026d0e8ad4c3dbd\">Download logo<\/a><\/div>\n<p> <a href=\"https:\/\/www.africa-newsroom.com\/\">Source: Africa Newsroom &#8211; APO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Six million subscribers of the Hustler Fund will now be eligible to access more money in a review of their borrowing history at the end of the month. President William Ruto said the Hustler Fund will review its 18 million user&rsquo;s borrowing history after every four months and award them a financial grade. He explained [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":249109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[4585],"class_list":{"0":"post-249108","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-africa-news-2","8":"tag-apo","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2023\/02\/president-ruto-hustler-fund-to-increase-loan-limit.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/249108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=249108"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/249108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/249109"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=249108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=249108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=249108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}