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News08 July 2024 - 09:31

Key highlights of Hustler Fund audit

Unregistered individuals and people who were not qualified for loans were advanced millions of shillings.

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by The Star
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Billions of taxpayers' money is at stake at the Hustler Fund, it has emerged, with the auditor general unearthing major irregularities in what was arguably President William Ruto’s biggest campaign plank.

According to a new audit report, unregistered individuals and people who were not qualified for loans were advanced millions of shillings.

Some people were also given loans above set limits while others got the loans without National Identity Cards. 

Auditors are also demanding answers as to why some borrowers were given multiple loans before repayment of the previous ones while some Kenyans were unable to get any loan

There are for instance 129,315 people who borrowed a cool Sh81.6 million.

However, auditors discovered the loan accounts had been closed without a single penny being repaid.


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