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Thursday, May 22, 2025

Gov’t to write off Ksh.6B Hustler Fund loan defaults, seeks additional Ksh.5B

Micro, Small and Medium Enterprises Development Principal Secretary Susan Mag’eni says that the government will seek to write off bad loans amounting to Ksh.6 billion borrowed by 10 million Kenyans in 2022.

Mang’eni, who appeared before the National Assembly’s Committee on Trade, Industry and Cooperatives, says the borrowers have failed to pay despite borrowing the cash more than two years ago.

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