'Fuliza imeenda group of schools' KOT unimpressed with Hustler fund

KOT reactions after Hustler fund debut.

Piece by: Shakila mohammed
News

โ€ข This is the  first single credit product in the country and is being operated by the government.

โ€ข The KOT family seemed not to have been contented with the hustler fund project relating it directly with other loan lenders mainly Fuliza.

President William Ruto at State House, Nairobi.
Image: HANDOUT

The much anticipated hustler fund was yesterday released to the public today by President William Ruto.

This is the  first single credit product in the country and is being operated by the government.

The promised fund has come with an affordable offer of repaying it within a period of 14 days, with 0.002 interest rate per day which is way cheaper than other rates ranging from 1-10  from other creditors.

The KOT family seemed not to have been contented with the hustler fund project relating it directly with other loan lenders mainly Fuliza.

However others appreciated the president citing that it was way better than Fuliza.

To some the loan limit was not enough and was totally unfair because it couldn't even afford to open a business.

The keyboard warriors therefore urged the government to not hesitate on increasing the interest rates since no one was going to pay either way.

Read some of the comments they had to say ;

Omwamba  Someone needs to do a thesis on how Hustlers will manage to repay the Hustlers Fund within 14 days because even my beloved Fuliza doesn't work that way.

๐‰๐ฎ๐๐ahโ„ข Hiyo hustler fund is just another fuliza imeenda group of school.

EDGAR @edgarwabwire_I want to thank President William Ruto for launching Hustlers Fund aka Fuliza. I urge him On behalf of hustlers who will definitely default in paying back the loan at an interest of 8% to open more jails!

Kulo Conrad@ConradKuloยท1hLet's say you have secured a 100K loan from the hustler's FULIZA fund what kind of business would you set? A business that will materialize in 14 days.

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