How To Apply For Hustler Fund In Kenya

This is a guide on how to apply for Hustler Fund in Kenya. Hustlers’ Fund is an affirmative action fund established by President William Ruto to uplift SMEs in Kenya.

Kariuki Maina
By Kariuki Maina 2 Min Read

A guidance on how to apply for the Hustler Fund in Kenya is provided in this article. President William Ruto launched the Hustlers’ Fund as an affirmative action fund to support SMEs in Kenya.

Under his administration, the government would set aside Kshs 50 billion to offer small companies and enterprises low-cost lending facilities.

The fund will start disbursing on December 1, 2022. Individuals, small businesses, organizations, and cooperatives will all have access to it.

Hustler Fund Interest Rate

A pro-rata 8% annual interest rate will be applied to the Hustler Fund Loan.

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SACCOs, banks, and microfinance institutions would be able to access the loans, which will be issued through a digital or online platform.

Penalties will apply for misappropriating the fund or providing false information when applying for the fund.

Huster Fund Loan Limit

The loans will range from 500 to 50,000 Kenyan Shillings. However, a borrower’s credit score will be taken into account when determining loan limits.


  • Be 18 years and above.
  • Be a permanent resident of Kenya.
  • Belong to the bracket group of low-income earners.
  • Be a member of any investment group, credit society or registered association.
  • Have a valid good conduct certificate.

How To Apply For Hustler Fund

1. Form a youth group or women’s group.

2. Create a business proposal.

3. Produce a good conduct certificate.

4. Share your residential or home address.

5. Collect signatures of four guarantors. 2 of the guarantors must be your relatives.

6. Sign a non-disclosure agreement to serve a jail term for defrauding the government in case you fail to pay the loan within a period of 6 months.

7. Open a bank account with any of the following banks, KCB or National Bank.

8. Present or produce your valid KRA PIN.


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By Kariuki Maina Kariuki Maina
In a world full of worriers, be the warrior.
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