Kenya: Govt Mulls Legal Framework to Enforce Hustler Fund Repayment From Mpesa

Nairobi — The government is considering escalated enforcement measures that will see the recvery of defaulted Hustler Fund loans from Mpesa accounts and mobile airtime.

The move seeks to secure the payment of Sh7 billion from an estimated 13 million Kenyans who have defaulted payments of the government-funded social inclusion fund.

Financial Inclusion Fund (Hustler Fund) acting CEO Elizabeth Nkuku commented on the proposals in submissions before National Assembly’s Special Funds Account…