Wednesday, March 22, 2023

How to apply for Hustler Fund cash on your phone. See requirements

Here’s how to apply for Hustler Fund money using an SMS or a mobile app:

SMS and App:

  • Dial *254# on any mobile operator in Kenya.
  • Select the loan request option to view the limit, interest, and loan tenure.
  • Enter the loan amount and press OK to continue
  • Confirm loan details as displayed to continue
  • Enter Mobile Money pin
  • Receive SMS notifications on Loan allocation with relevant loan information.

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  • Must be a Kenyan citizen of 18 years of age and above
  • Must have a valid national Identification Card (ID)
  • Must have a registered mobile number from a recognized Mobile Network Operator in Kenya, i.e., either Airtel, Safaricom or Telkom, i.e., either Airtel, Safaricom or Telkom
  • Have a mobile money account, i.e., either Airtel Money/M-PESA/T-Kash
  • The SIM card in question can/ will only be eligible if it has been used for more than 90 days.
  • Reside and conduct economic activities in Kenya.
  • Provide the Location of residence during the onboarding process (where applicable)


Upon approval of your loan request, 95 per cent of the money will be disbursed to the mobile money account, while the remaining five (5) per cent will be sent to your savings account for the Hustlers pension program.

The savings scheme will split savings into 70% long-term and 30% short term savings, such that 70% of the 5% will go into long term (Pension) and 30% of the 5% will go into short term.

For instance if a customer borrows Sh. 1,000:

  • Sh. 50 (5% of Sh. 1,000) will go into their savings account as below.
  • Sh. 35 (70% of Sh. 50) – Will go to Pension account.
  • Sh. 15 (30% of Sh. 50) – Will go to short term savings account.


Loan repayment will be made from your Mobile Money account. You can repay the loan manually through the USSD code *254# or mobile app or wait for the automatic deduction.

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