Hustler Fund default Stories

Two million Hustler Fund borrowers to access commercial bank loans
Maureen Kinyanjui  |  Jan 07, 2025

Susan Mang'eni, the PS for the State Department of MSMEs confirmed that these two million borrowers have achieved higher credit scores by repaying the...

New law prohibits lenders from using threats on borowers during loan recovery
Lucy Mumbi  |  Jan 06, 2025

The new provisions aim to curb exploitative practices in the microfinance sector, offering enhanced safeguards for borrowers and guarantors.

Hustler Fund disbursements fall sharply as govt struggles with loan recoveries
Lucy Mumbi  |  Jan 05, 2025

Kenya Kwanza had pledged to set aside Sh50 billion annually for the Hustler Fund, but allocated only Sh20 billion to the fund in its first budget.

Kenya Railways faces Sh3.5 billion penalty for defaulting on China’s SGR loan
Maureen Kinyanjui  |  Dec 05, 2024

Audit shows Kenya Railways' revenue from its operations was insufficient to cover the maturing loan obligations, leading to additional penalties.

End of the road as City Hall enforces auctions, caveats for land rate defaulters
Maureen Kinyanjui  |  Jun 18, 2024

The action follows the expiration of the second waiver for land rate penalties and interest, which required owners to settle the principal.

Kenya Power eyes debt collectors to collect Sh35.69B defaulted bills
Ibrahim Omar  |  Feb 10, 2024

Government ministries, departments, and agencies (MDAs) and county governments are the main defaulters on power bills.

Stay ahead of the news! Click ‘Yes, Thanks’ to receive breaking stories and exclusive updates directly to your device. Be the first to know what’s happening.