President William Ruto has announced that six million Kenyans, who have been regularly borrowing and repaying their hustler loans on time, will have their limits enhanced.The President said the higher loan limits will take effect from Saturday, even as he urged more Kenyans to keep their hustler loan accounts active.
The President announced on Friday that the six million had been identified from the 14.2 million Kenyans who are servicing their loans properly.
Ruto said majority will have their loan limits doubled while others will access 80 per cent more than what they have been borrowing.
"We will from tomorrow(Saturday) increase the limit of borrowers on the hustler fund," he said.
The President announced that the credit limits will be reviewed after every four months.
Ruto said from this month, every borrow will be assigned a financial grade based on the borrowing and repayment record.
"It will tell you what will give you a good grade," he said.
The President spoke during the 50th anniversary of the National Police Sacco.
