The recent disclosure by President William Ruto, that the Hustler funds will be subjected to an interest rate close to 10%, is a deviation from his campaign promises as the same, according to his promise, was to be entirely interest-free. This is just among many other upsetting revelations to the poor Hustlers, who expected to benefit from loans different from the fuliza and other shylock loans.
The President has now transformed the Kshs. Fifty billion promised Hustlers fund, to a loan that must be paid at an interest of 10%. The President has also failed to provide the conditions likely to be met before securing that loan.
The interest is extremely high, and to make the matter worse, the same is being announced by the President himself, whom the Hustlers looked upon as a savior to their predicament. Considering such conditions and other hidden fees, no real Hustler will get a loan. The outcome will leave the Hustlers to accept to live the way they were living before or seek other alternatives since the hustler funds, will be nothing more but a burden.
Kenyans are anxiously waiting on how the current Government will fulfill the many promises made to the poor Kenyans during the campaigns.
The beginning is worrying, as Ruto Administratio starts blame game, to silence the masses instead of settling down and coming up with a concrete agenda that will bring hope to many Kenyans who can neither feed nor educate their children.
By Isaac Newton Kinity
Counselor and Human Rights Activist based in the USA.
Former Secretary General
Kenya Civil Servant Union.