6.5 C
New York
Monday, January 30, 2023

Buy now

How gov’t plans to utilize your Hustler Fund savings, Ruto

Ruto explains how savings deducted from hustler fund loans will be spent.

According to President William Ruto, the funds deducted from the Hustler fund will be invested in government securities.

In an interview with the media, the President said the government has come up with an organization that has been licensed by the RBA (Retirement Benefits Authority) to manage the savings.

“Government securities are the surest. There are no default or other problems,” he said. 

Inside Ruto’s plans to merge KUCCPS, HELB, and University Funding Board (UFB)

Hustler fund to be increased every month, Ruto

Kenyans default on Hustler Fund loans with only 5pc repaying

“The amount is approximately Sh700 million as of today, and will be managed by the organization,” he added. 

Ruto said that once investments will begin, everyone who has to save through the hustler fund will be able to view the amount saved through an application. 

“Once we start the investment, the available application will show how much a borrower has saved, and profit gained,” he explained. 

“Everybody will be able to follow online.”

Also read,

“Eat GMOs, they won’t harm you,” Ruto says as he rules out quick fixes on the cost of living

Government warns ‘Hustler’ defaulting Hustler Fund loans

Visa to support Ruto’s flagship programme, Hustler Fund Loans

Follow us



Stay Connected


Latest Articles