Hustler Fund taps bank, Sacco data for bigger loans

The administration of President William Ruto plans to use borrowing and repayment behavior records to determine who qualifies for higher credit limits within the Hustler Fund. This new system will incorporate alternative data and borrowing history from banks and Saccos. The State Department for MSME Development announced a pilot project to analyze the financial behavior of recurrent borrowers to inform enhanced credit limits and refinancing opportunities.