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March 12, 2026
6d ago

State needs Ksh 300M to recover Hustler Fund loans

State needs Ksh 300M to recover Hustler Fund loans

The State Department of Micro, Small and Medium Enterprises (MSMEs) is seeking to spend Ksh 300 million to recover monies Kenyans have defaulted on repaying to the Hustler Fund...

✨ Key Highlights

The State Department of Micro, Small and Medium Enterprises (MSMEs) is requesting a significant budget to recover defaulted loans from the Hustler Fund.

  • The department is seeking Ksh 300 million to enhance loan recovery measures.
  • This request comes from MSMEs Principal Secretary Susan Mang’eni.
  • Over Ksh 84 billion has been disbursed through the fund to over 27 million Kenyans.

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Part of the Day's Coverage

Parliament Seeks Public Comment on Ksh316.87B Supplementary Budget - March 2026

Parliament has invited public comments on a Ksh316.87 billion supplementary budget that significantly increases government spending beyond initial approved estimates. The State Department of Micro, Small and Medium Enterprises is simultaneously requesting Ksh 300 million to recover defaulted loans from the Hustler Fund. President William Ruto has approved the creation of the Railway Development Levy Fund, a new vehicle to accelerate infrastructure funding and securitisation. These developments come as President Ruto also handed over keys to 120 new homeowners at the Emgwen Boma Yangu Estate in Nandi County, marking a significant milestone for the Affordable Housing Programme.

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