The Kenyan government will launch in March 2023 the high-limit Hustler Fund targeted at youth and women-led MSMEs that struggle to raise capital and secure loans from banks and other financial institutions to establish their businesses. Through the Hustler Fund, the State plans to offer loans ranging between Sh100,000 and Sh2.5 million to over three million MSMEs across Kenya. The Hustler Fund loans would step up competition for the banking sector as it has low-interest rates and no processing fees. The objective of the Hustler Fund is to address unemployment and the lack of opportunities among low-income earners through cheap and easy loans without collateral.
