Hustlers’ Fund meets mixed reviews on internet
By Naomi Njoroge, December 1, 2022Mixed reactions have trailed the newly launched Financial Inclusion Fund otherwise known as Hustlers’ Fund on social media and netizens have had a lot to say about the fund launched yesterday Wednesday, November 30 by President William Ruto.
The funding first introduced as a grant targeted for low-income earners met subsequent updates and what Kenyans received yesterday was a loan which according to Ruto should be paid within a period of 14 days.
A new development shows that of the borrower’s credit score, 5 per cent of the amount is automatically deducted for saving purposes.
Netizens are now divided over Ruto’s Ksh50 billion kitty flooding social media with praise or criticism.
While some view the fund as a ‘game-changer’ for millions of Kenyans, others say it is just a ‘government-owned shylock’ that was ‘dangled in front of us’.
Here are a modest compilation of reaction from netizens as sampled by K24-Digital;
The HUSTLER FUND is a game changer. Power to the PEOPLE!
— Ahmednasir Abdullahi SC (@ahmednasirlaw) December 1, 2022
The hustler fund will create more poor people in Kenya than Shylocks!
— Sen. Ledama Olekina (@ledamalekina) November 30, 2022
This is just another fuliza, tala, and branch not that thing you are trying to refer to as a game changer with all your wisdom.
— mikatilili generation (@faizmurunga) December 1, 2022
Hustler Fund application asking for MPesa PIN… 🚩🚩🚩🚩
— Eric Mugendi (@mougendi) November 30, 2022
Two weeks is too short to recoup from any investment.
— Henry Kabogo 💧 ❄ 🇰🇪 (@Kabogo_Henry) December 1, 2022