A new report by the Kenya Human Rights Commission (KHRC) indicates that President William Ruto's Hustler Fund project is incurring significant losses. The report, titled "Failing the Hustlers," states that the fund is proving detrimental to both citizens and the government, highlighting an alarming default rate.

• For every Ksh500 borrowed from the Hustler Fund, an estimated Ksh340 has been lost, reflecting a 68.3% default rate by the end of 2022.
• The KHRC estimates that 71.5% of all loans under the Hustler Fund are functionally unrecoverable, leading to alleged taxpayer losses of over Ksh50 million daily.
• The report also criticizes the fund for lacking an oversight board, violating legal requirements, and suggests that technical adjustments alone cannot fix its inherent flaws.