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Eligible persons who can apply for hustler fund loan include those who are 18 years and above, have a national ID, and Mpesa account. Your sim card must have been in use for more than 90 days. Registered MSMEs, chama groups, SACCOs, associations, etc can also apply.
The repayment period for the hustler fund loan is 14 days. Therefore after taking a loan, you have to pay it back within 2 weeks. Failure to pay attracts fines and penalties.
The USSD code for hustler fund registration and application is *254# on Safaricom, Airtel, and Telkom. You will be required to have an ID number and also Mpesa account as it is used to validate your information.
Kindly be specific about the institution you are inquiring about Maziwa loan.
The total interest rate for KCB Mpesa loan is 8.64%. That includes 20% of excise duty. To take KCB M-Pesa loan go to Mpesa> Loans and Savings>KCB M-PESA>Loan>Request Loan