How can you get a loan with interest of 8%- Azimio on Hustler fund.
Azimio la Umoja coalition has faulted the hustler fund saying it does not favor Hustlers but only serves the interests of Kenya kwanza.
One of the legislators, Junet Mohammed stated that the terms and conditions of hustler fund is the best example of how politicians lie during the campaigns.
He added that Kenya kwanza did not do as promised during the campaigns regarding the hustler fund.
Junet stated,”How can you get a loan with interest of 8% and you are a hustler? Will you be paying the interest or the principal? They (Kenyans) were told in campaigns that we will put Ksh. 50 billion in the budget that is going to change their lives for free…it is on record. That is the money the hustlers were waiting for. This is a classical example of how politicians lie to Kenyans.”
“I want to tell Kenyans that Hustler Fund is not going to change their lives. There are cooperatives lending at 8 per cent in this country and even lower than that. Why don’t you make the interest rate one per cent if you want to change the lives of Kenyans?” Junet added.
On the other hand, Mathare member of parliament, Oluoch stated that this is a Kenya kwanza charade, he further stated that he suspects the money is the NG- CDF that was banned by the Supreme Court.
Oluoch said,”A Ksh. 50 billion fund is being set up by the government by way of regulation, which is an affront to the role of parliament. This is a charade and not what they promised the people of Kenya.”
“We have not received our CDF money and we suspect that this is part of the money that is being channelled to this Hustler’s fund,” he added.
Embakasi east member of parliament, Babu Owino aired that the president can boost the money to 100k for personal finance and help every hustler.
He stated,”We advise the President to combine the Hustler Fund together with the KSh6,000 social protection fund and the money meant for Kazi Mtaani money and give every Hustler a minimum of KSh100,000.”
“How do we disburse this money …let us use a biometric system to disburse. Then let that hustler move to the bank, identify himself biometrically and be given that money over the counter. You don’t say thank you, you ask for more because it’s your money,” he added.