A section of former prime minister Raila Amolo Odinga’s Azimio la Umoja One Kenya Alliance Coalition Members Parliament have today Wednesday, November 30, 2022, launched a scorching attack on President William Samoei Ruto’s government as they termed the just launched Hustler Fund a ‘pyramid scheme’ aimed at edging out Fuliza, banks, and other small lenders.
Mathare Constiency MP Anthony Oluoch, Embakasi East counterpart Babau Owino and David Mwenje have among other things questioned the source of the funds and its legality.
The MPs suggest that the money may be drawn from the National Government Constituency Development Fund (NG-CDF) and taxes of Poor Kenyans whom Ruto has been pressuring to do so.
They vow to stop any attempt to carry out any expenditure outside the legislation & call for the consolidation of the various funds given by the government into one.
The Hustler Fund’s Ksh50 billion kitty is finally here after months of waiting.
Speaking at the launch of the Fund at Green Park in Nairobi on Wednesday, November 30, 2022, CEOs of the three main telecommunication companies in the country said Kenyans will be required to dial USSD code *254# to access the loan after its official launch by President William Ruto.
The service will also be accessible through mobile application platforms of any of the telcos including Safaricom, Airtel,l, and Telekom.