Azimio MPs call on supporters to default Hustler Fund loans
A section of members of the Azimio la Umoja one Kenya Coalition has urged their supporters not to repay their Hustler Fund loans.
During the first ‘consultative meeting’ on Wednesday, December 7, Azimio Parliamentarians claimed the money belongs to Kenyans.
While urging Azimio supporters to default on their debts, Kasipul MP Ongondo Were admitted that he, too, had taken out a loan and does not intend to repay it.
“The government money you have borrowed, even me I have borrowed we are not paying it back,” he said.
Suna East MP Peter Masara on the other hand said, “All those who have received the Hustler Fund money continue using it because it is your tax.”
The legislators said it is only fair that the money given is used to buy basic commodities whose rising prices the government has failed to tame.
“These people are disrespectful that is why we are saying we are not repaying that KES 500 of Hustler Fund. They already owe us for unga, fuel, and sugar,” said Senator Moses Kajwang.
The legislators’ call not to repay the fund was met with jubilation from the crowd on the ground.
The gathering brought together Azimio principals Raila Odinga, Martha Karua, and Kalonzo Musyoka alongside the coalition legislators and other leaders.
Former CS Eugene Wamalwa and former Kakamega Governor Wilfred Oparanya were also present at the meeting.
Earlier in the day, President William Ruto urged Kenyan to pay their hustler fund loans on time in order to increase their loan limits.
The head of state said the faster one pays the debt, the higher their chance of increasing loan limit.
“I urge Kenyans to pay their debts in order to increase their limit,” Ruto said.
The President boasted that around 13 million people have enrolled for the funds as of December 7, 2022.
Borrowers were warned against defaulting during the launch last week, and the State issued rigorous steps to prevent it.
Those who fail on their debts will see their interest rates rise from 8% to 9.5%.
If a consumer does not pay their debts on time, they will be given an extra 15 days before the interest rate increases.
Borrowers who default will have their Hustler Fund accounts blocked as well.
“After more than 30 days of default, the borrower loses all the credit scores accumulated and the Hustler Fund account is frozen,” he said.
Loan defaulters, according to Ruto, will not be listed on CRBs because they will have another opportunity to reborrow.
AM Live is NTV's morning current affairs show that sets the agenda for the day with insightful panels every weekday.
Business Redefined is Kenya’s premier thought leadership platform for unpacking matters regarding economic and finance policy as well demystifying complex developments in the region’s capital markets.
This is Daily Politics. Here we look into the ins and outs of everything Kenyan politics. We pull no punches and have no reason to sugarcoat anything that matters to Kenyans.
Gumzo La Sato is a live social issues show that aims to create awareness about issues affecting the larger society. The discussions range from Parenting, Marital bliss and struggles, Oppression, violence, and all matters of the Heart.
Health Diary is a weekly show that highlights different types of diseases/conditions and seeks ways to prevent, treat/manage them. The show debunks this through real life stories and also feature specialists in different fields, to offer medical advice on the same.
Letter To My Younger Self is a podcast where guests get to write a letter to their younger self, from which Maxine formulates questions to ask them during the hour-long show.
Nation Reports is a weekly podcast offers an opportunity for listeners to interact with various reporters and journey with them as they unravel the biggest most emotive stories.
Paradise Lost peeks through the story of Louis Otieno, the times, and everything in between.
Speaking of Gen Z brings you entertaining but meaningful conversations about a generation that is trying to navigate through adulthood. Join hosts Michelle, Jackie and Esther as they unravel all things Gen Z.
Sport-On is a 30-minute sports magazine show on NTV and 3 hours on NATION FM. The show seeks to give the sports “fanatics” and “funatics” comprehensive and in-depth coverage of sports both locally and internationally.
Thamani is a business show which is dedicated to emerging issues regarding micro, small and medium size businesses.
A two-hour-long live show that airs on Fridays. The show focuses on what is current in the entertainment industry, controversial and popular across all media platforms targeting those aged between 25 and 35 years.
The trend podcast highlights and captures the best of banter from #TTTT segment that airs every Friday on NTV. It's the TTTT EXTRA
The Wicked Edition with Dr. King’ori seeks to address serious issues through humour and relatable wit. It is a two-part half hour show filmed in front of a live audience
Twende is a travel show that highlights beautiful, unique, diverse locations, people, and cultures. The show offers fresh perspectives on familiar locations and memorable experiences in new ones.
This Saturday evening lifestyle show lets viewers share their stories and life experiences as openly & honestly for the purpose of shifting the culture of silence.
VIP ACCESS is Anyiko Owoko’s YouTube and podcast show on Music and Culture dedicated to promoting Africa’s most promising talent and creatives. This podcast grants you VIP access into timeless interviews while providing a platform for rising as well as established artists across the continent. Since launching in 2018, Anyiko has interviewed over 70 African music stars.
This weekly news show aims to have all sides of debate but not be constrained by it, listen to main voices in the contest but not allow them to hold the viewers hostage, entertain debate but allow push back with all due respect.
In this podcast, three widowers openly speak about the process of grief, how they found themselves exposed to the emotional turmoil of losing their wives, and how society still does not know how to deal with them.