CS Chelugui gives an update on the disbursement of hustler fund and progress.
Cabinet secretary, Ministry of co- operatives and micro small and medium enterprises ( MSMEs), CS Chelugui gives an update on the disbursement of hustler fund and progress.
The MSMEs sector is the backbone of the Kenyan economy and plays a very significant role in economic development.
According to Chelugui, This sector creates employment for over 15 million Kenyans with a value output of Kes. 3.3 trillion shillings, making it a high priority segment in the realization of the Government’s agenda for bottom-up economic transformation.
He adds that MSME sector plays significant roles in relation to employment generation and poverty reduction, creativity and innovation, supply chain linkages as well as social and community development.
CS Chelugui also outlined that the Government of Kenya is devoting substantial efforts to grow the MSME sector by prioritizing this sector as a critical pillar of the Bottom-up Economic Transformation Agenda that the Government is focused on delivering.
Chelugui further expressed Kenya Kwanza Government’s commitment towards the growth and sustainability of the SACCO sector. He believes that there is need to strengthen the structures and systems needed for successful SACCOs and that can be accomplished collectively.
He further broke down the hustler fund disbursement as of yesterday;
Update as at 12:00 PM
Amount disbursed = 29,016,789,535
Total Repayment = 18,948,600,365
Opted in customers = 20,087,868
Savings = 1,451,321,860
Total transactions = 41,655,128
Repeat customers = 6,988,662
Update as at 9:00 PM
Amount disbursed = 29,054,669,990
Total Repayment = 18,981,215,227
Opted in customers = 20,094,828
Savings = 1,453,197,823
Total transactions = 41,694,208
Repeat customers = 6,990,850
Update as at 12:00 AM
Amount disbursed = 29,059,516,156
Total Repayment = 18,987,397,856
Opted in customers = 20,096,035
Savings = 1,453,466,023
Total transactions = 41,699,075
Repeat customers = 6,991,083
Update as at 7:00 AM
Amount disbursed = 29,064,551,538
Total Repayment = 18,990,033,700
Opted in customers = 20,096,437
Savings = 1,453,716,310
Total transactions = 41,703,890
Repeat customers = 6,991,4
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