Hustler Fund borrowers to use *254# to access Hustler fund, leading network telcos have announced.
Kenyans who have subscribed to Safaricom, Airtel and Telekom will be required to dial the short code to access the loans after its launch by President William Ruto.
Cabinet Secretary for Co-operatives and SMEs Development Simon Chelugui had said there will be no registration required for the Huster Fund.
He added that hustlers will only need their phones, as there will be no intermediaries for the process.
“The money will be accessed via phone numbers and respective networks,” he said.
The CS also announced an establishment of a call centre that will respond to issues and questions of borrowers. He added that the centre will be active once the fund is launched.
Through the Hustler Fund, every time one borrows an amount, Chelugui says 5% of the amount will go to a saving scheme, where the money adds interest.
“For every Sh2 saved, the government will add one shilling.”