Hustler Fund initiative CEO Elizabeth Nkukuu has said that it’s impossible for one to opt out of the Hustler fund once he becomes a member. She has however explained the reason behind this.
Speaking to Spice FM, the CEO said that the 70% of investment in the hustler fund structure makes one a permanent member. This is because he/she will be able to access the savings later in their lives.
“You cannot opt out of Hustler Fund. You will remain in the fund because of the 70% that is on long-term savings, you cannot opt-out because you will access your money at 60 when you retire.”
This comes after President William Ruto increased the Hustler fund limit for those benefitting from the same. With up to 100% increment for those who have borrowed ten times or more.
Related: President William Ruto Increases Hustler Fund Loan Limit
Nkukuu has advised Kenyans to take this chance and exploit their potential using the Hustler fund. By borrowing more, you increase your limit as you continue to do business.
“There are those who borrowed out of curiosity. They borrowed once and never did again, there’s a second lot that needs basis, others borrow on impulse, up to three times a day.”
Initially, kenyans got their limit based on how much they transact on M-PESA. But the CEO has said that the scoring method will change to accommodate more hustlers.
“Every four months, the limit will be revised, after the anniversary, there will be a review of some issues about the hustler fund, and a new rescoring method will be recreated.”
President William Ruto also encouraged youths to apply and use the Hustler fund initiative opportunity to boost their business. The initiative celebrated it’s one year anniversary on November 30th
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