Home General What you need to have to land Hustler Fund advisory board job – Nairobi News

What you need to have to land Hustler Fund advisory board job – Nairobi News

by kenya-tribune
3 views

President William Ruto in his campaign manifesto shared that he shall create Hustler fund. The money is geared at providing cheaper credit for micro and small businesses.

On Friday, the National Treasury said there shall be an advisory board to man the funds and also made public requirements for those interested in getting the fund.

Also read: If you want fat salaries join the corporate, Ekuru Aukot tells MCAs

For the board member position, a person will be eligible for appointment if:

  • He or she has leadership and management experience of not less than five years and has knowledge in any of these fields; finance, accounting, economics, enterprise development, cooperative management, information, communication and technology, business and management, law or strategic management.
  • Meet the requirements of Chapter Six of the Constitution.

On the other hand, for one to be appointed as Chairperson of the Board they must:

  • Possess a degree in a relevant field from a university recognised in Kenya.
  • Have leadership and management experience of not less than ten years and has knowledge in any of these fields; finance, accounting, economics, law, enterprise development, cooperative management, information, communication and technology, business and management or strategic management.
  • Meet the requirements of Chapter Six of the Constitution.

Also read: Former Makueni Governor Kivutha Kibwana quits elective politics

The government seeks to roll out the first of distribution of the fund on December 1, 2022. During the campaign period, President Ruto said the money would be distributed as grants.

But upon assuming office, the President said the funds will given as loans.

“It is not free money; it is business money you will repay…We want to ensure that Kenyans do not fall prey to shylocks who charge extremely high-interest rates on loans,” the president said.

He also clarified that the money borrowed from the Hustlers Fund will strictly be used by the small and medium enterprises to upgrade their businesses.

“If you borrow money from the Hustlers Fund, you will plough it into business, and refund the government at an interest rate below 10 per cent per annum,” the head of state said.

You may also like