{"id":151160,"date":"2024-02-14T05:59:10","date_gmt":"2024-02-14T05:59:10","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/02\/14\/18-2-million-kenyans-benefit-from-sh44b-hustler-loans-ruto\/"},"modified":"2024-02-14T05:59:10","modified_gmt":"2024-02-14T05:59:10","slug":"18-2-million-kenyans-benefit-from-sh44b-hustler-loans-ruto","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/02\/14\/18-2-million-kenyans-benefit-from-sh44b-hustler-loans-ruto\/","title":{"rendered":"18.2 Million Kenyans Benefit from Sh44B Hustler Loans &#8211; Ruto"},"content":{"rendered":"<p><\/p>\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-304465\" alt=\"\" width=\"915\" height=\"559\"  data-lazy- src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/12\/rutodias.jpg\"\/><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-304465\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/12\/rutodias.jpg\" alt=\"\" width=\"915\" height=\"559\"  \/>President William Ruto said yesterday that the Hustler Fund has disbursed loans totaling Kes.43.7 billion (USD 280 million) since its rollout in November 2022.<\/p>\n<p>Addressing the World Governments Summit in Dubai on Tuesday, Ruto emphasized the significance of the kitty in providing accessible credit and financial services to Kenyans. He highlighted that 18.2 million Kenyans had registered on the platform during the period under review.<\/p>\n<p style=\"font-weight: 500 !important;\"><em>\u201cIn an economy fueled by the informal sector, which accounts for over 70% of employment and contributes more than 75% to the GDP, our transformation agenda requires the urgent provision of affordable credit and financial inclusion to the majority.<\/em><\/p>\n<p>He added, <em>\u201cThe Hustler Fund has played a crucial role in achieving this goal, freeing millions from predatory lenders through a digital lending and savings platform powered by our telecommunications companies. Affordable credit has now become a regular feature in the day-to-day operations of our MSME sector. Currently, the Hustler Fund boasts 18.2 million customers and has disbursed USD 280 million in its inaugural year of operation.\u201d<\/em><\/p>\n<p>Ruto also restated his government\u2019s commitment to advancing the digitization of its services, intending to complete a full transition to digital systems by the end of 2024.<\/p>\n<p><em>\u201cIn the last one year, we increased the number of digitally accessible government services from 5% to over 80%. The goal is to make the government 100% digital by the end of this year,\u201d<\/em> Ruto said.<\/p>\n<p>He also addressed climate change, emphasizing that Africa has the potential to emerge as a central hub for a green industrial revolution. He highlighted the idea that sustainable development can take place without compromising economic growth.<\/p>\n<p style=\"font-weight: 500 !important;\"><span style=\"font-weight: 500 !important;\"><em>\u201cGreen industrialisation in Africa will simultaneously address unemployment, reduce inequality, and discourage migration while enhancing manufacturing efficiency and industrial sustainability,\u201d<\/em> he said.<\/span><\/p>\n<p style=\"font-weight: 500 !important;\"><em><span style=\"font-weight: 500 !important;\">\u201cAll it takes is an investment, which calls for a measure of boldness and intentionality, like that which channeled investments that turned the deserts of the Middle East and give us flourishing, futuristic centres like Dubai.\u201d<\/span><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President William Ruto said yesterday that the Hustler Fund has disbursed loans totaling Kes.43.7 billion (USD 280 million) since its rollout in November 2022. Addressing the World Governments Summit in Dubai on Tuesday, Ruto emphasized the significance of the kitty in providing accessible credit and financial services to Kenyans. He highlighted that 18.2 million Kenyans [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":130906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-151160","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kenya-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>18.2 Million Kenyans Benefit from Sh44B Hustler Loans - Ruto - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/02\/14\/18-2-million-kenyans-benefit-from-sh44b-hustler-loans-ruto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"18.2 Million Kenyans Benefit from Sh44B Hustler Loans - Ruto - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"President William Ruto said yesterday that the Hustler Fund has disbursed loans totaling Kes.43.7 billion (USD 280 million) since its rollout in November 2022. Addressing the World Governments Summit in Dubai on Tuesday, Ruto emphasized the significance of the kitty in providing accessible credit and financial services to Kenyans. 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