Hustler Fund now has Hustler Fund Biashara Loan tailored towards small businesses in Kenya. According to the government, the businesses will get between 10,000 shillings and 200,000 shillings paid between 1 and 9 months to invest in a business.
Those interested in Hustler Fund Biashara Loan will first have to register as individual members of the Hustler Fund. They will then be required to register their businesses by providing the business registration number and name of the kind of business they do.
Here are the categories with Hustler Fund Biashara Loan:
- Agriculture
- Trade
- Manufacturing
- Service providers
Here are the five simple steps on how to register and get the Hustler Fund Biashara Loan:
- Dial*254#
- Select Hustler Fund
- Select Biashara Loan
- Select Register
- Select your business category
- Enter your business registration number and submit
- Dial USSD code*254#
- Select Biashara Loan
- Apply with respect to the Loan limit given
- The approved loan will be disbursed to the borrower’s M-Pesa account instantly.
The new product was launched by President William Ruto who said the funds will give an opportunity to women and you to start and grow their businesses. Business owners will also have an opportunity to top up the loan depending on their history.
At the same time, the President also announced the relaunch of the Women Enterprise Funds – which is an upgrade of the existing Women’s Funds. President Ruto noted that the new Women’s Fund has been improved to eliminate bureaucracies and intermediaries who limited the accessibility of money.
