Currently, the only way to access the Kenyan government loan scheme is through a USSD code.
A Google form shared on Facebook inviting users to submit applications for the Hustler Fund is a HOAX.
Hustler Fund is a government loan scheme launched by President William Ruto on 30 November 2022. It offers personal loans of between KSh500 and KSh50,000 depending on the credit rating of the borrower. The second phase of the loan scheme, to cater to Kenyans who want to borrow more than KSh50,000, will be launched in February 2023.
The Google form has been shared on a Facebook page called “Hustlers Fund Kenya”, along with some of the requirements to access the loan scheme.
Clicking on the “Learn more” button directs to the Google form titled “Hustlers Fund Loan Application form”.
The first page of the Google form contains information about what the Fund entails, borrowing from the economic empowerment idea behind the government loan scheme.
However, the information on the page states that users must follow the instructions provided therein to get the funds. Part of the process includes calls to successful applicants.
“Approval takes 10 minutes and loans are sent via MPESA within 20 minutes. After application, a customer care agent will get in touch with you and advise you further on any questions you may have and the repayment details,” according to the communication.
However, the procedure of accessing the Hustler Fund does not involve placing calls to borrowers and there…
