How to apply for the Hustler Fund on your phone
How to Apply for the Hustler Fund in Kenya
The Hustler Fund, a key pledge from the Kenya Kwanza government, offers affordable loans ranging from Ksh.500 to Ksh.50,000 at a daily interest rate of 0.002% (or 8% annualized). This fund is meant to support millions of Kenyans—especially those previously locked out of credit due to blacklisting.
Dial
*254#
on your phone to access Hustler Fund or use your mobile network’s app.
Step-by-Step Registration Process
- Dial *254# or open your mobile network's Hustler Fund app.
- Accept the Terms and Conditions.
- Enter your mobile money PIN.
- You will receive an SMS confirmation upon successful registration.
How to Apply for a Hustler Fund Loan
- Dial *254# or open the app.
- Select “Request Loan” option.
- View your limit, interest rate, and loan duration.
- Enter your desired loan amount and confirm.
- Enter your mobile money PIN.
- You will receive an SMS with loan allocation details.
Loan Disbursement & Savings Split
When a loan is approved:
- 95% of the amount is sent to your mobile wallet.
- 5% is saved in your Hustler Fund savings account.
The 5% savings are split as:
- 70% to long-term pension savings.
- 30% to short-term savings.
Example: If you borrow Ksh.1,000
→ Ksh.950 goes to your wallet
→ Ksh.35 to pension
→ Ksh.15 to short-term savings
→ Ksh.950 goes to your wallet
→ Ksh.35 to pension
→ Ksh.15 to short-term savings
No processing fee is charged for the Hustler Fund.
Disclaimer: This guide is for informational purposes. Hustler Fund policies may change with time.