The Explainer | Hustler Fund: What’s going on?
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- čas přidán 8. 07. 2024
- “We are only 18 months; we haven’t reached there…” Cabinet Secretary Simon Chelugui at pains to explain why the Credit Reference Bureau (CRB) doesn’t have access to Hustler Fund data and information
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it was designed to be looted by exaggerating the rate of defaulting, claiming it was way higher than it actually was and pocketing the funds then blaming the hustlers for bad debts.
Waziri needs to go back to school. Cannot respond to simple questions. How do these people get these jobs??? Disgusting.
I think the opposite. Question has been asked, answered, and reasked again. Causing a loop of simple concept that we understood when answered the first time.
❤,@@muriithimugambi6072
I wouldn't let this guy watch my mango stand for an afternoon - he inspires zer0 confidence .... zero!
I feel he has answered and this fund is for the have nots. Thank you to this calm man and this is what the Genz wanted
The money was deliberately put aside for these crooks to eat.
My ears are hurting right now.
Ruto must Go.
This like NYS scandal corruption.
Stop lying to people that the guys are from the village. The crb doesnt care about that. So long ás you are taking some money loan and its a credit lender. You should build your credit.This is a total failure in the system alot of money in this hustler fund. This is tax payers money how can he not get that
Watching this is so painful, the "CS" has no clue what he's talking about! This is why the govt is non-performing. Ruto must GO!!!!!
Kumbe umeona
@@annetmutoko114 so sad to watch and hear.
So sad he is talking about hustlers fund the original meaning. Sad sad
Sad and you will still find complimentary comments.. ngai baba we are doomed 😮
You must go yourself
Man, this dude is not fit to hold this office. What a shame!
Incompetence of the highest level. Is this a mediocre country really? You mean there exists no competent Kenyan to hold this office?
Kimeturamba
How and when will hustlers access their long-term savings since the procedure is not available on the platform like the short-term savings......??
"The atmosphere is full of Hot Air " making this dude uncomfortable to arrange his own Elemental codes 😂😂😂😂
Exhibiting limited knowledge in public
Thanks Jackie for representing us. Really are this the Cs we have??? He doesn't have any information about hustler funds
So sad indeed
This is an extremely sad conversation.
70% repayment rate is a lie🤣🤣🤣🤣
I own a credit company in kenya. The default rate is not 1%. Please check your facts. It's about 15% for solid banks. According to survey of 2022, digital borrower default at rate of 46.3 to 50.9% The most important question is that how much profit has the fund recorded. Clearly they have achieved a milestone given such a short time
...i don't know much about finance but a 1% default rate sounds like a bank/credit company's dream market.....which as has just been demonstrated by the recent Moodys credit downgrade , ain't Kenya.
My thinking too. In the US the small business administration (SBA) lends for as little as 3% which is way below what the banks charge. Much as I think it's good to be hard on the guy I think it's equally good to acknowledge where things are working. Hustler fund money can change things if the public learn to use it properly. It also injects money into circulation which is what drives the economy.
@samuelmwangi3977 In the US this makes sense. For a country that has such a high burden of debt and corruption such as Kenya it can't work. I know several people who've told me they took 500ksh loans and will not pay back. Imagine what that money could do in terms of medicine, education which are more of a priority?
Yvonne asking and answering her own questions 😂
She came to the interview with an agenda. That is really totally unacceptable.
I didnt even know the hustler fund was tax payers money 😪😪 Thank you Yvonne. Its disgusting to hear how my hard earned money is being eaten by MPigs.
Our taxes has been mishandled badly by foolswho dont care about our country. Its all about them😢😢😢
Our taxes has been mishandled badly by foolswho dont care about our country. Its all about them😢😢😢
I think they are all devil's worshipers shidwe mufululizo....
That's how you lose tax payers money....by being lazy recovering tax payers money
Theres an old adage, "show me a mans friends and ill tell you what their character is." The fact that Ruto has surrounded himself with incompetent thieves is all i need to know about him.
Mbadi said that he wanted incompetent skunks in order to run government all by himself. These were just flower girls and boys masquerading as CSs.
Very Incompetent CS
Are the funds from tax payers money. Govt shylocking with our taxes...
Kenyan Banks provisions for bad loans reached 14% in 2024 meaning default rate is even higher. Digital lending Apps is as high as 40%. The 1% is only for Fuliza
well researched and laid out Yvonne
500 bob can't even buy breakfast, this government is a joke
Don’t borrow?For us we at 20,000ksh borrowing
Started at 500, now am at 3600
Wrong person asking "some questions ". Get jimmy waking to ask this man questions. Let's pray for Afrika
Exactly what i thought. Doesn’t know how to ask question. Bring a panel of 2 and let them demolish this pyramid scheme
uuuuhi gaki gaki Ruto ako shida kaa huyu ndie antegemea😢
What were the qualifications for this guy to get this position . Does he know what he's talking about at all. Yvonne, excellent question to a person who has no idea and can't even seem to comprehend what you are asking. This is sad😢
100% of the youths do not repay
500
Borrow money give irresponsible people or steal it yourselves then mske us pay for the mess its painful.
Why interview a thiefe,??mwizi,mwizi hao
same questions, same answers, waste of time
But pls give him time to answer you r very fast,the hustler fund is helping us alot
Wait a minute this is a Cabinet Secretary? CS for what........ Hustler Fund??????? Never heard of him😂😂😂😂😂😂
Can someone explain which ministry this man is Cs for.
@@joelongayo6283I think CS for cooperative and SME'S
CS for cooperatives and micro/small scale enterprises
Looks like these kind of projects are to entice voters
The bull shit meter is dysfunctional already 😂..
Minister of what again?
He cannot even answer a simple question….
The best interview I have ever ❤️ and follow...😂😂😂
Does hustler fund still exist?because it keeps telling me to try after 30 minutes
I just wonder how he got in that office. Man go back to school
Remember this fund was issued the 1st month after taking over the government, remember well,they found "empty' coffers and still went ahead to offer over 3b loans?
Too hard to explain 😂
Very good in asking questions about hustler fund but when it comes to asking questions on extra judicial killings that's where they draw the line.
I missed this but have a qtn what's the definition of retirement as per the Husler fund
Chelugui, another in the long line of Kalejingas!!
You are tribal
@@msavomsa4341
Not tribal that's the truth why kelenjins you mean there are no other people from other tribes that qualify for that position??
The limits never increase!!!
In my opinion the CS was ill informed or not sure about this concept of Hustler Fund. Throughout the conversation he was not clear and elaborate. He was continually cornered and couldn't explain himself out of the precarious situation. In fact the more he tried to explain the more he counterattacked himself. I guess he was not sure about what he was talking about.
This hustler fund also turned out to be a scam
Tax payers money can be used any how.
Who can make a summary of what this gentleman is trying to say? Maybe in max two words. I only heard something has gone Rock😳😭😭😭. Who is he in the first place?
This means that some rich people in the background are taking this money, and are not paying back.
This is why Kenya us an example in Africa. The way the CS us answering is great. This is what the Genz wanted to assimilate those that are not included. He is also so calm because the interviewer also was trying to pull him down. To the interviewer she is a real competent and knows her data kudos to her. These are the genzs we want. Competence and forcefulness. The Genz should be happy with the CS and government. The CS has repeated over and over low rates for have nots
A Scheme to Defraud Tax Payer we saw it coming From the Beginning.
It’s a shame Stealing from the lowest people in our society who need help the Most.
Nchi ya Kitu Kidogo 😢😢
How can the CS classify the hustler fund borrowings as term loans.
Say out of 12b you are expecting say 3b in say 14 days 4 B in 30 days etc by breaking it that way the bad loan will come down to say less than 30%
Am glad he is Rutos Minister and not Kenya's.
Thats why they should elect Leaders who can deliver but not based on whom they voted
Can someone encourage President Ruto to watch this interview so that he can be more careful when selecting the next cabinet ministers... This is very painful to watch...
😂😂😂😂😂😂😂😂WOI WOI WOI... HIO CHAPA IKO MITINI MAJAMAA
Theft, theft by Ruto people 😂
Ruto isn't the only problem,the incompetence is thorough in his administration.
Listening at minute 18 and Evon(spl) still pushing soo hard on a very useless question while theres soo much to ask!!!!.... What she trying to get out with CRB listing and records????
This is part of the big picture, seriously?
Waziri is so keen not to profile any quarter , 😂😂🎉🎉
This guy is a joke and should be arrested,he is saying that Kenyans money it's like a personal project of selling water .This proves that Kenyans money is personal 😢😢😮
How much interest has the portfolio generated over the period.
In short they don't figures 😢
foolish Government
Very sad this guy has no ideal of what he is talking about essentially it shows no frame work of what it is seems like hot air
Good conversation btw two notorious individuals
Gow do we get CS in Kenya 🇰🇪?
Na kwani mbapatia watu 500 mara 8000 sasa hii inasaidia nini huwezi fanya nayo ata biashara
kumbe they have all along meant ASSlers and not hustlers :(
CS just resign and go home; you have no idea what you are talking about.
I do understand the two of them...I hope they were not under influence of some substances
We’ll explained. Yvonne has some of her facts way off as well.
Beats the importance of Credit Information Sharing
Lenders should be able to see hustlers borrowings in the CRB report
NPLs for Digital Loans are over 20%. Yvonne should be aware of that!! She didn't do her homework!
Why waste time interviewing such? Please invite the likes of Omtata & Sifuna to plot the way forward after the inevitable downfall of this spectacularly self sabotaging govt!
Is it because of he's name???
I would walk out of that interview if I was waziri. Yvonne is extremely biased. She should ask without prejudice. That is a war zone!
Thieves and lies of all the time
Go young lady....you got to love a smart woman!!❤
Vyonne at times u need to wait for anyone to answer yr Question.I saw this is a problem with few citizen anchors.They lack decorum?U ask a guy give someone time to answer without interrupting
The best product for Hustlers!
Game!!! Plain and simple!!!!
Sasa mnachekesha mnafunga makampuni mnapeana pesa mnatarajia watu walipe vipi wakati hakuna pesa alafu pesa zenyewe unarudisha na siku kumi na 14 ata kaa biashara gani hiyo wacha zako
Where were this journalists when the predatory lending was going on? Now she is punching holes on the Hustler fund!
This is tax payers money......private lenders are private and not answerable to public...do your research
They talked about it. Some Kenyans went to court
She asked very simple questions. Either he doesn't know what he is saying or he is simply dump
These are pipo ruto should fire miss okwara know more than this guy
Hustler fund is good .Rich men and women will never understand what is Hustler fund
Has no clue what he's saying
the CS seem not to be prepared for the interviw but more of concern to me I see a witch hunt by Ivon!
Not being able to answer basic questions is not a witchhunt
These man is clueless
Corruption, corruption, corruption!
Hustler fund has really helped to boost our small businesses
.......I love this young Lady...Waziri and Ruto should go home they don't know what they are doing...hustler fund backfired, pesa yetu ilipotea 2
Kwani hustler fund hamuamini tuliwaosha😂
OKWARA IS MAKING THIS CS LOOK LIKE A FOOL
'This fellow' though...
The name of the fund said it all. it's a hustle fund. So what you expect?
What about our savings
Ask the waziri what happened to the automatic fines using cameras .They would bring a lot of sanity on our roads and reduce corruption in the transport sector.
E-citizen!!! They want to looth more from a common mwananchi. 😢😢
Where does the government get this hustler grant fund from? From Taxpayers money!!!! it is a simple answer