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Kenyan Newspapers Review: Hustlers Decry Low Hustler Fund Loan Limit, Strict Borrowing Requirements

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On Friday, December 2, the Kenyan newspapers reported about the Hustler Fund craze that saw Kenyans borrow over KSh 400 million within 12 hours.

The dailies also noted that members of parliament won big after the National Treasury agreed to disburse the National Government Constituency Development Fund (NG-CDF) following Attorney General Justin Muturi’s advisory.

1. The Standard

A day after President William Ruto launched the Hustler Fund, Kenyans have raised questions over the low limits, strict borrowing requirements and delays in accessing the loan.

Some borrowers lamented that they were forced to wait for over 12 hours before their requests were accepted, even as most got below KSh 1,000.

Those listed on the Credit Reference Bureau (CRB) were shocked after they were denied the loan despite Ruto promising financial inclusion.

Read also

AG Justin Muturi Approves Disbursement of CDF Effective December 9

Others were puzzled by the M-Pesa pin requirement, which they argued violated their privacy.

Timothy Kimathi, a hawker in Nyeri, said his request was rejected due to his CRB listing.

“It’s sad that I am still on the CRB list. I will not be in a position to access the fund,” he said.

John Barasa, a boda boda rider in Kisumu, used the loan to buy fuel for his motorbike. Other borrowers said the 14-day repayment period was short.

2. Daily Nation

Like father, like daughter? President William Ruto’s daughter, Charlene, has held over 30 meetings with government officials since October 13.

The publication reported that the head of state’s daughter has been a busy woman holding 31 meetings in the last month.

Charlene has been crisscrossing counties, meeting governors and county assembly members. She has also visited several schools.

Her role in government is unclear as she has not been assigned any official duties.

Read also

Kenyans React to Hustler Fund Loan Limit: “Nitafanyia Nini Mia Tano”

Kenyans on social media have nicknamed her ‘Quickmart Ivanka‘, since she rose to prominence like former US president Donald Trump’s daughter, Ivanka Trump, who was also busy during her father’s tenure.

3. People Daily

Attorney General Justin Muturi has advised the National Treasury to start the disbursement of CDF funds to constituencies, saying the Supreme Court did not annul the NG-CDF Act.

Relaying the communication to MPs, Speaker Moses Wetang’ula said the Treasury would release the funds in a batch of KSh 2 billion starting December 9.

“In light of the advice from the Attorney General, the National Treasury and Economic Planning confirm that it will commence disbursement to the NG-CDF by tranches of KSh 2 billion weekly with effect from December 9, 2022,” Wetang’ula said.

Treasury will disburse a total of KSh 44.2 billion by the 23rd week, giving MPs an early Christmas gift.

Read also

Newspaper Review for December 1: Kenyans Make 600 Hustler Fund Loan Borrowing Requests per Second

4. The Star

The National Assembly’s Justice and Legal Affairs Committee (JLAC) has recommended the formation of a tribunal to investigate the conduct of four IEBC commissioners.

This was after the conclusion of the hearing of petitions against the quadruple who was accused of trying to subvert the will of the people in the 2022 presidential elections.

The committee said all the petitions by the Republican Liberty Party had enough grounds to warrant the formation of the tribunal by President William Ruto.

The tribunal formed by the president will investigate the allegations against IEBC vice chairman Juliana Cherera, Irene Masit, Justus Nyang’aya and Francis Wanderi.

5. Taifa Leo

The publication reported about the meeting between President William Ruto, Central Organisation of Trade Unions (COTU) secretary-general Francis Atwoli and other Luhya leaders at State House, Nairobi.

Atwoli has embraced the head of state after vehemently opposing his presidential bid.

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Raila Odinga to Hold Parallel Jamhuri Day Celebrations to Intensify Anti-Gov’t Protests

It was reported that the COTU boss wants a handshake with the president to sort out their differences.

Two months ago, Atwoli also met with Prime Cabinet Secretary Musalia Mudavadi, who sided with Ruto in the concluded vote.

The one-time political arch-rivals, who all hail from the Western Kenya region, hinted at their resolve to chart the path for the Luhya nation going forward.

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Source: TUKO.co.ke





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