Some 10 million hustlers borrowed Sh6 billion and vanished.

The government is now contemplating writing off the 'bad debts'.   According to Micro Small and Medium Enterprises (MSMEs) Development Principal Secretary Susan Mang'eni, Kenyans in this category borrowed the money once or twice in November and December 2022 immediately after the Hustler Fund was launched. "Repayment rate for personal loans is at 80 per cent.

However, we had at least 10 million Kenyans who borrowed as low as Sh500 either once or twice and they did not pay.

The money at risk here is about Sh6 billion," she said.