When the Hustler Fund was unveiled in November 2022, it was hailed by President William Ruto as a tool to uplift low-income earners and boost economic growth.
Two and a half years later, experts are calling for its termination, warning that the initiative is not just financially unsustainable, but structurally flawed, illegal, and politically driven.
The Kenya Human Rights Commission (KHRC), in a new report titled Failing the Hustlers released on Monday, called on the government to decommission the Hustler Fund entirely, citing a staggering default rate of 68.3 percent and an overall loss of 71.5 percent. "There's no business that can go at a 71 percent loss and be viable.
The fund is a burden on taxpayers and must be scrapped," said KHRC Program Manager Annette Nerima on Spice FM on Wednesday, August 6.
