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Lawyer Ahmednasir backs Hustler Fund, says its power to people

Second phase which will launch in February 2023 will expand the limit to Sh500,000.

In Summary

• President William Ruto said the Sh50 billion Hustler Fund will give Kenyans blacklisted by money lending apps a second chance.

• It was launched at the Green Park bus terminus in Nairobi.

Lawyer Ahmednasir Abdullahi
Lawyer Ahmednasir Abdullahi
Image: FILE

Lawyer Ahmednasir Abdullahi now says that the Hustler Fund will be a game changer in the Kenyan economy.

According to the lawyer, the fund will give power to the people of Kenya.

"The Hustler Fund is a game changer. Power to the people" he said in a tweet.

Ahmednasir is one of the few prominent lawyers who publicly backed Ruto's candidature for president.

His remarks come a day after the fund, which was largely the basis of President William Ruto's campaign, was launched.

It was launched at the Green Park bus terminus in Nairobi.

President William Ruto said the Sh50 billion Hustler Fund will give Kenyans blacklisted by money lending apps a second chance.

He said the fund will also be cheaper, compared to what the average lender currently gives.

"Its 500 times cheaper than the average lender in the market," Ruto said.

"We have about 8 million Kenyans who have been blacklisted by lenders. The Hustler Fund will give them a second chance... Even those who had been sent away by lending apps, this is your chance to redeem yourself."

The President added that this first phase of the launch will see Kenyans have a maximum limit of Sh50,000.

The second phase which will launch in February 2023 will expand the limit to Sh500,000.

The President said beginning April next year, groups will be able to borrow up to Sh10 million.

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