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Originally published by Kenyanstop
August 6, 2025
23h ago
Ruto Reacts to Damning Report on Hustler Fund

A report released this week has claimed that the Hustler Fund is fundamentally flawed and needs to be scrapped...
✨ Key Highlights
President William Ruto has strongly defended the Hustler Fund against a "damning report" by the Kenya Human Rights Commission (KHRC), which called for its abolition. Speaking at a private sector roundtable on Wednesday, August 6, Ruto emphasized the fund's benefits to Small, Medium, and Micro Enterprises (SMMEs).
- President Ruto stated the Hustler Fund has a repayment rate of 83 percent, refuting KHRC's reported default rate of 68 percent.
- The Head of State highlighted that the fund provides access to credit history for 26 million Kenyans and has enabled 650,000 Kenyans to benefit from bridge loans.
- Ruto accused the KHRC of elitism, noting that beneficiaries have collectively mobilized Ksh5 billion in savings.
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