Dear WSR, hustler fund is your main micro economic problem because:
- It gives people very small loans that don’t grow their businesses.
- People stay poor and cannot qualify for bigger loans later.
- It forces people to repay very quickly (within days), not months.
- Most borrowers struggle to repay because real businesses take time to make money.
- Many borrowers fail to repay on time.
- This damages their credit records and scares other lenders (like banks and SACCOs).
- Banks and lenders now see small borrowers as too risky.
- They tighten their lending and prefer not to give loans to ordinary people.
- It teaches people to borrow for survival, not for investment.
- Borrowing for food or rent doesn’t build anything — it just creates more debt.
- It blocks proper SME lending by setting very low-interest expectations.
- Private lenders can’t compete with 8% government loans, so they lend less.
- It uses up government money without building real businesses.
- So even the government has less money for real economic programs.
- It hides the real financial problems under millions of small debts.
- On paper it looks “safe” because each loan is small, but the system-wide default is huge.
- It kills borrower confidence.
- People who struggle with these small loans lose trust and fear taking proper loans later.
In short:
Hustler Fund creates debt without creating wealth, and destroys trust in the credit system — leading to a big freeze in lending.
Concerned Citizen.
