Safaricom unlocks KES 3.6B in Bonga Points for Hustler Fund loan repayments
Safaricom Bonga Points can now be used to repay Hustler Fund loans in Kenya. Here's why the new repayment option raises questions about loan defaults, government collections, and Safaricom's growing role...
✨ Key Highlights
Safaricom has enabled borrowers of the Hustler Fund to use their Bonga Points for loan repayments, unlocking an estimated KES 3.6 billion worth of loyalty rewards.
- An estimated KES 3.6 billion in Safaricom Bonga Points can now be used to repay Hustler Fund loans.
- Borrowers can dial *254# and select the repayment option via the Hustler Fund menu.
- The move comes as the Hustler Fund grapples with a 15% default rate, equivalent to KES 12.5 billion as of March.
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