Cabinet Secretary in the Ministry of Co-operatives, Wycliffe Oparanya, has issued a scathing rejoinder after a report revealed that the Hustler Fund had been losing billions since its inception in 2022.
Through a long-winded statement on Monday, August 4, Oparanya termed the report by the Kenya Human Rights Commission (KHRC) as "skewed, elitist, and politically motivated." The report, dubbed Failing the Hustlers, stated that for every Ksh500 borrowed from the Hustler Fund, Ksh340 had been lost, with KHRC faulting the financial mechanics of the fund as extremely flawed.
However, Oparanya, while accusing KHRC of not reaching out to the Ministry and the Fund's management, noted that the report's assessment period corresponded to the financial year 2022/2023, during which the Fund was established and was only seven months old by the end of the said financial year.
Cooperatives Cabinet Secretary Wycliffe Oparanya speaking during the Cooperative Leadership Forum on June 5, 2025.
