The Hustler Fund is a financial initiative by the Kenyan government aimed at promoting financial inclusion and providing affordable credit to Kenyans.
With the introduction of the Hustler Fund USSD code, accessing these services has become more convenient for individuals across the country.
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Hustler Fund Ussd code
The Hustler fund code for accessing finance services is *254#, accessible via all mobile networks in Kenya. (Safaricom, Airtel, and Telkom). This is the general code for accessing the government’s Financial Inclusion Platform, which comprises of:
- Hustler Fund
- Hustler Enterprise Fund
- Hustler Groups.
Registering for the Hustler Fund
Before you can access any services, you need to register. Hereβs how:
- Dial the USSD code *254# on your mobile phone.
- Follow the prompts to enter your National ID number and other required details.
- Set up a PIN to secure your account.
- Accept the terms and conditions to complete your registration.
How to apply for Hustler loan via USSD 254
Once registered, applying for a loan is straightforward:
- Access the USSD service by dialing *254#.
![Hustler Fund 1 Husler Fund USSD Code select Financial Inclusion Platform](https://money.ke/wp-content/uploads/2024/04/husler-fund-ussd-code-select-financial-inclusion-platform.webp?_t=1712753944)
- You’re provided with a list of programs
- Hustler Fund
- Women Enterprise Fund
- Hustler Groups
- Select Hustler Fund to access personal loans (applies to many individuals)
- Select Loan Type:
- Personal Loan
- Biashara Loan
![Hustler Fund 2 Hustler Fund USSD Code 254 select loan type](https://money.ke/wp-content/uploads/2024/04/hustler-fund-ussd-code-254-select-loan-type.webp?_t=1712754208)
- From the above choose Personal Loan (applies to most Kenyans)
- Go to Request Loan
![Hustler Fund 3 Hustler Fund Request Loan menu](https://money.ke/wp-content/uploads/2024/04/hustler-fund-request-loan-menu.webp?_t=1712754341)
- Enter Loan Amount
![Hustler Fund 4 Hustler Fund enter amount see loan limit](https://money.ke/wp-content/uploads/2024/04/hustler-fund-enter-amount-see-loan-limit.webp?_t=1712754659)
- Review loan request details and confirm
- Enter mobile money PIN to authorize loan request (M-Pesa PIN, Airtel Money PIN, or T-Kash PIN)
![Hustler Fund 5 Hustler Fund confirm loan request](https://money.ke/wp-content/uploads/2024/04/hustler-fund-confirm-loan-request.webp?_t=1712754723)
Repaying your Hustler loan (Pay for Self)
To ensure you maintain a good credit score, follow these steps to repay your loan:
- Dial *254# to access the Hustler Fund menu.
- Go to Hustler Fund
- Go to Personal Loan
- Select Repay Loan
- Select Pay for Self
- Enter the Amount you are repaying.
- Confirm the details and complete your repayment.
- Enter mobile money PIN
Checking Hustler loan balance
Keep track of what you owe by checking your loan balance:
- Dial *254# to access the Hustler Fund menu.
- Go to Hustler Fund
- Go to Personal Loan
- Select Loan Status
- Choose Loan Balance
Your loan balance will be displayed on the screen. If you do not have a loan balance, the message will read: You don’t have a loan balance
Saving with the Hustler Fund
The Hustler Fund also encourages saving by offering a savings option:
- Dial *254# to access the Hustler Fund menu.
- Go to Hustler Fund
- Go to Personal Loan
- Select Savings
- Choose your option
- Long-term savings (can’t withdraw)
- Short-term savings (may withdraw)
Here, and where applicable, you may check your balance, withdraw from savings, request mini statements, etc.
Can you opt out of the Hustler Fund?
No, you cannot opt out of the Hustler Fund.
This is because of the fund’s structure that allocates 70% of your investments into long-term savings.
So, once you register and invest in the Hustler Fund, you cannot withdraw your long-term savings until you reach the age of 60, as per the Kenyan retirement age.
You can however access your 30% short-term savings after one year, as long as your outstanding loans are paid back.
While the Hustler Fund does not offer an opt-out option for long-term savings, you can choose not to take any further loans and only save in the fund.
This will allow you to continue saving without incurring additional debt. However, the long-term savings will remain in the fund until you reach the age of 60.