Kenya in Talks with World Bank to Boost ‘Hustler Fund’ Lending
- More than 20 million already registered with Hustler Fund
- Cheaper loans and route to credit record to become bankable
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Kenya is in talks with the World Bank and European Union to ramp up its “Hustler Fund” project that is already providing cheap credit to more than 20 million of the country’s poor.
A top government official said the World Bank was discussing backing that could amount to as much as 20 billion shillings ($139 million), including via an existing program to support small enterprises. Combined with investments from the Treasury, this could leverage lending of 200 billion shillings over the next five years.