About The Financial Inclusion Fund
Majority of Kenyan citizens work in the informal sector encompassing Micro, Small and Medium Enterprises (MSMEs) with limited access to credit leading to relatively low adoption of innovative technologies and management practices that account for their diverse needs.
The Government established the Financial Inclusion Fund popularly referred to as Hustler Fund to help cushion and mitigate financial shocks for this informal sector which accounts for more than 80% of the workforce and contributes over 33% of the Gross Domestic Product (GDP).
The core objective of The Hustler Fund is to offer holistic financial solutions targeting people at the bottom of the pyramid. The main pillars within the financial inclusion fund are:
- Affordable credit
- Competitive savings & Pensions products
- Comprehensive insurance solutions
- Access to affordable housing
- Market linkages
- Financial Literacy