To address those who have fallen behind on their Hustler Fund loans for two years, the government is considering “radical” measures such as loan downgrades and targeted recovery plans.
Susan Mang’eni, principal secretary for the development of the State Department of Micro, Small, and Medium Enterprises (MSME), claims that the fund has already set up a credit rating system that will aid in locating defaulters.
The rating system goes from C3 (poor) to A (outstanding). Six million Kenyans are currently eligible for better loan products because their ratings are between A and B.
