The post Ruto, Ndi and The Hustler Revolution appeared first on Gado.
If there is a guy who hates his job right Now, it’s David Ndii
hustler fund ‘done-ing’
agricultur-partly started.to fully start in the new year.
freedom has come.
It will take 2 years to see the real fruits of hustler fund. There’s a large %age that will default, then the algorithm will slowly reduce the bad seeds hadi wabaki the intended group. Slowly but surely growing their floats from 500ksh to 20-50k. Hapo sasa ndio mutaona wale wamedefault wakirudi kulipa na kuanza kulea the funds.
You will also see the end of predatory shylocking from both individuals and banks. Fuliza & mshwari rates will further decrease and slowly akina Tala will have to either revice rates or slowly run out of business.
what is his job?
Chief economic adviser to wsr
Even if there is a default, the money will still end up with the government in some form of taxes when spent. Hii ni revolving fund and the multiplier effect will be big in years. A lot of money being injected into the economy to stimulate it.Ukitembea Kawangware the small shop keepers usually borrow loans, sell their merchandise then pocket the profits. The loans is specifically helpful to such. Out of that loan some enterprises might be created that will generate millions to billions of revenue in the long-term hence more jobs and long-term taxes to the government.Big enterprises kama Twiga will loan out that money to it’s supply chain and create more business and employment. Hustler fund is a brilliant idea and hope itakuwa sustained and kept away from politics.
Kabisa.
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We are in a recession most people cant repay loans. the ones who can repay are not hustlers
But the govt is borrowing the money at a higher interest rate. it cannot sustain defaults. Shop keepers mostly borrow money to pay bills if the govt did something about expensive education healthcare electricity they would spend their borrowed money in their businesses