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August 6, 2025
23h ago

Ruto Reacts to Damning Report on Hustler Fund

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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