Following President William Ruto’s update on the Hustler Fund’s progress, a Kenyan’s candid comment about his frugal lifestyle has stirred conversations online.
In a Facebook post detailing the Financial Inclusion Fund’s achievements, President Ruto highlighted that the initiative has disbursed Sh90 billion to 28 million borrowers, supporting micro, small, and medium enterprises across the country.
Among the responses, a user named Harry Harry shared his personal strategy to save money, stating, "I only spend Sh600 per month on food because I only eat when I feel dizzy. Most weekends I attend funerals and weddings; it saves a lot."
This remark drew mixed reactions from social media users. Some questioned the overall costs involved in attending social functions, including transport and dowry expenses, while others praised his approach as an effective way to manage finances during tough times.
Hustler Fund Impact
- Launched on November 30, 2022, the Hustler Fund aims to provide affordable credit to low-income earners and informal traders.
- The fund offers loans at an 8% annual interest rate via mobile platforms, targeting those excluded from traditional banking.
- It has recorded 10 million repeat borrowers, with 4.5 million maintaining strong credit scores (A and B).
- Borrowers have collectively saved Sh7 billion, reflecting the fund’s role in promoting national savings.
President Ruto expressed pride in the digital nature of the fund’s operations and affirmed the government’s commitment to continue supporting this affordable credit facility.
