At least 1.2 million Kenyans who have consistently borrowed the Hustler Fund will benefit from a 50 per cent savings top-up from the government beginning Friday.
President William Ruto who disclosed on Thursday noted that these are the 'loyal' individuals who have borrowed the money five times.
“Nimeskia wangwana hapa wakisema ahadi ni deni na dawa ya deni kulipa. Niliambia wakenya kwamba ukikopa na uweke akiba, hiyo akiba tutakuongezea. Ukiweka akiba ya shilingi mbili serikali itakuongeza shilling moja,” he said.
(I hear people here say a promise is a debt. I told Kenyans that if you save Sh2, the government will add you a shilling)
“Leo ndiyo ile siku mtapata pesa,” he said amidst cheers from the crowd.
Ruto explained that the particular borrowers will be given a matching reward in their long-term savings accounts.
This means that those who have saved Sh6,000 will get an additional Sh3,000.