Provision of affordable credit to MSMEs
It entails the disbursement of industrial credit to MSMEs; provision of financial support and capacity building of women-led cooperative societies, chamas, merry-go-rounds, and table banking initiatives.
Why It Matters
The project seeks to leverage Kenya’s advanced SACCO system to develop a tier three financial system that will facilitate disbursement of affordable credit to cushion those affected by current predatory lending interest rates.
Progress
6%
Key Metrics
135 Bn
Enhanced access to affordable industrial work space
Benefits
To cushion those affected by current predatory lending interest rate:
Providing affordable, accessible credit to individuals and micro-entrepreneurs who would otherwise rely on informal lenders or digital platforms charging excessively high and exploitative interest rates. By offering low-interest, government-backed loans through the Hustler Fund, borrowers are protected from debt traps, hidden fees, and aggressive recovery practices. The Fund promotes financial inclusion, stabilizes household cash flows, supports small business continuity, and enables borrowers to build formal credit histories, thereby fostering sustainable economic empowerment rather than cyclical indebtedness.