Hustler fund savings directed into a pension scheme
Savings made from every 5 percent deduction on each Hustler Fund loan will now be wired to the Kenya National Entrepreneurs Savings Trust, a government-owned personal pension scheme regulated by the Retirement Benefits Authority.
Under the terms of the Hustler Fund launched on December 1, 2022, a borrower receives 95 percent of the amount applied for, while the remaining 5.0 percent is split into short-term savings (at 30 percent of the amount) and pension remittance (70 percent).
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