- Hustler Fund is a government initiative that provides a fund from which Kenyans can borrow money through cellphone USSD.
- The essence of the Hustler Fund is to provide affordable credit to struggling members of the population.
- The first roll out of the fund occurred late 2022, and therefore, it is only natural to want to borrow more, which would require an increase in one’s credit limit.
- The Hustler Fund provides affordable credit on four fronts; personal finance, micro loan, SMEs loan and Start ups loan.
How can one increase this Hustler Fund loan limit?
The loan limit adjustment solely depends upon a borrower’s borrowing and repayment behaviors.
Borrowers are encouraged to continue borrowing and repaying on time to increase their limits.
The assessment of credit history on subsequent loan applications and repayments determine any future qualifications for a borrower to access Hustler Fund.
In case of default in payment (after the allocated 14-day period), there is a loan recovery and collection process initiated.
Your limit will not increase if you fail to pay the existing loan, and you cannot borrow again without repayment.
