ROLE OF THE HUSTLER FUND ON GROWTH OF SMES - Githui, Fredrick Kariithi;Ngugi, Joshua
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The Kenyan Government on December 2022 introduced a micro, small and medium enterprise fund also referred as 'Hustler Fund'. The aim of this fund was to support small and medium enterprises as well as individual access to funds through mobile technology for economic development. This also came as a way of cautioning SME owners from a financial market that was against their growth in favor of the big corporations or big enterprises. To access loans SME owners, need to have collateral or guarantors, the loans are also accessed at a high interest making it hard for some to borrow and repay on…mehr

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Produktbeschreibung
The Kenyan Government on December 2022 introduced a micro, small and medium enterprise fund also referred as 'Hustler Fund'. The aim of this fund was to support small and medium enterprises as well as individual access to funds through mobile technology for economic development. This also came as a way of cautioning SME owners from a financial market that was against their growth in favor of the big corporations or big enterprises. To access loans SME owners, need to have collateral or guarantors, the loans are also accessed at a high interest making it hard for some to borrow and repay on time. As a result, many businesses do not live to see their second birthday. The objective of this study were: to evaluate the growth of SMEs that have received funding from the hustler fund, to analyze the extent to which the Hustler Fund has contributed to job creation within the SME sector, and to assess the challenges faced by small and medium sized enterprises in accessing the hustler fundfor business development in Roysambu Constituency.
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Autorenporträt
Fredrick is a management and governance scholar. He has presented papers in different international conferences and published in peer reviewed journals.