How To Access Hustlers Fund In Kenya

How To Access Hustlers Fund In Kenya

The Hustler Fund, also known as The Financial Inclusion Fund, is a loan project led by the Kenyan government which provides instant loans to Kenyan citizens upon request. The program was launched by President William Ruto in late 2022 with the intention of providing at least $410 million in loans.

In this article Keweb. co tries to answer the question by publishing the ways one can access hustlers fund in Kenya

Below are the most helpful ways to access hustlers’ funds in Kenya

  • Be a Kenyan citizen (18 years and above)
  • Have a valid National Identity Card (ID number serves as a unique identifier)
  • Have a registered mobile number with a recognized mobile network operator i.e. any of the three telcos Safaricom, Airtel, or Telkom
  • Have a registered mobile money account e.g. MPESA, Airtel Money or TKASH
  • Your registered SIM card must have been used for more than 90 days. That means buying a new SIM card today just to register for the Hustler Fund loans won’t work!
  • Must provide residence details

A valid good conduct certificate is not required but it helps to be on the right side of the law.

Steps to Register Hustler Fund Account

Below are the exact steps to register with the Hustler Fund.

Total Time: 2 minutes

  1. Dial USSD code 254Access Hustler Fund via USSD code (*254#) or the mobile appThe Hustler’s Fund USSD code is *254#
  2. Choose Register optionChoose the Register option 1 and then click sendType 1 and then click send to register.
  3. Accept the terms and conditionsAccept the Hustler Fund terms and conditions under https://fif.hustlerfund.go.ke/homeType 1 and click send to accept the terms and conditions for joining the Hustlers platform. The terms and conditions can be viewed at https://fif.
  4. Enter Mobile Money PINEnter the PIN for your Mobile Money account i.e. MPESA or Airtel Money or TKASHEnter the PIN for your Mobile Money wallet i.e. MPESA or Airtel Money or TKASH
  5. Receive SMS notifications Receive n SMS confirming successful registration and the assigned Hustler loan limits.https://57520f4d5145a585f4bb7cc3e9d87363.safeframe.googlesyndication.com/safeframe/1-0-40/html/container.html

Supply:

  • Safaricom line (optional)
  • Airtel line (optional)
  • Telkom line (optional)

Tools:

  • Mobile Phone

Materials: Mobile Money Valid National Identity Card

Dear Customer, your loan limit is Ksh. To request for a loan dial *254# or go to the Hfund Mini-app
Dear Customer, You have successfully registered to the Hustler Fund. Dial *254# or go to the Hfund Mini-app to check your limit and request for a loan.

You’ll also receive a notification if the Hustlers Fund registration is unsuccessful.

How to Apply for Hustler Fund Loans

Here are the steps to apply for a Hustlers fund loan via USSD:

1. Dial *254#

Start by dialing the USSD code of the Hustler Fund *254#

Start by dialing the Hustler’s Fund USSD code *254# or use the mobile applications.

2. Select Request Loan

select the Loan request option to view your loan limits, the interest rate and the period the loan will last

Type 1 and click send for the Loan request option to view your loan limit, interest and loan tenure.

3. Enter the loan amount

Enter Loan amount. You will be able to see the current loan limit. One can get to access the loan for 14 days at the interest rate of 8 per cent

Next, enter the loan amount and press “Send” to continue. The loan amount should not exceed the loan limits stated in the SMS. One can get to access the loan for 14 days at an interest rate of 8 percent.

4. Enter your PIN

Enter your MPESA PIN or any other mobile money wallet e.g. Airtel Money or Telkom TKASH

Enter your MPESA PIN or any other mobile money wallet e.g. Airtel Money or Telkom TKash.

5. Confirm loan details

confirm the relevant loan information and note the loan due date

Confirm loan details and if okay, continue to the next step.

Here is a breakdown of how much of the Hustler Fund you will receive:

  • 95 per cent of the loan applied for will be sent to your mobile money account.
  • 5 per cent of the loan applied for will be sent to your savings account.

The amount sent to your savings account is further split as follows:

  • 70 per cent will sent to your long term pension account.
  • 30 per cent will sent to your short term savings account.

6. Receive SMS notifications

Your loan request will be processed shortly. Kindly wait for a confirmation message

You’ll receive an SMS with your loan allocation and the relevant loan information.

Receive an SMS with the loan allocation, loan amount and loan tenure

On the first day, Kenyans with a good credit rating borrowed Kshs 17 Million per hour! Mostly due attractive interest rates for loans and short term savings account

How to Check Hustler Fund Loan Balance

Below is a step-by-step guide to checking your approved loan balance:

  1. Use the mobile application platforms or dial *254# to get to your Hustler Fund account.
  2. Select the Loans option on your mobile phone menu.
  3. Choose the Check Loan Status option.
  4. Enter your PIN.
  5. You’ll receive a message showing your current loan balance.