February 28, 2025
The Hustler Fund in Kenya is a government initiative aimed at providing affordable loans to small businesses and individuals.
While the fund offers financial assistance to many Kenyans, some users may wish to opt out of the program for various reasons, such as seeking different financial options or wanting to end their involvement with the fund.
This guide provides clear steps on how to opt out of the Hustler Fund in Kenya, along with additional information to help you make an informed decision.
The Hustler Fund was introduced as part of the government’s efforts to support micro, small, and medium-sized enterprises (MSMEs) and individuals needing quick loans for personal or business use.
By offering loans at relatively low-interest rates, the Hustler Fund aims to empower Kenyans financially, fostering entrepreneurship and economic growth.
There may be several reasons why an individual or business may wish to opt out:
Some users may feel they no longer require the fund’s assistance.
Users might want to explore other loan products with different terms.
Opting out can prevent potential credit reporting impacts if users are concerned about repayment schedules.
Regardless of the reason, opting out of the Hustler Fund is possible if you decide it’s the right choice.
Currently, the process of opting out of the Hustler Fund requires you to manage your status within the fund.
Here’s how to go about it:
Before opting out, it’s important to ensure that you have settled any outstanding loan amounts.
The Hustler Fund program typically requires that borrowers clear their dues before making changes to their status within the program.
To check your loan status, dial the USSD code *254# (or the specific code designated for your network provider) and navigate to the “Loan Status” or “Repayment” option.
If you have any outstanding balance, follow the repayment instructions to clear the amount.
This may involve using mobile money platforms like M-Pesa or Airtel Money to transfer funds.
To initiate the opt-out process, reach out to the Hustler Fund customer service for guidance, as they are best equipped to assist with program withdrawals.
You can contact them through the following ways:
Use the Hustler Fund’s designated customer service number to request assistance with opting out.
You may find contact details on the official website of the Hustler Fund or inquire at your mobile provider’s customer support line.
When connected, explain that you would like to opt out of the Hustler Fund program. Customer service will provide specific instructions based on your status within the fund.
Once you’ve requested to opt out, confirm your status:
Customer service may send a confirmation SMS or email indicating that you are no longer part of the Hustler Fund program.
You can also verify your status by dialing the USSD code *254# or using the mobile app associated with the Hustler Fund.
If you are no longer eligible to receive loans or view loan options, your opt-out was successful.
The option to rejoin may depend on the terms of the Hustler Fund program. Contact customer service for details on eligibility to reapply.
There are generally no fees for opting out, but it’s essential to clear any outstanding balances before initiating the opt-out process.
The Hustler Fund may report loan activities to credit bureaus, so make sure all dues are cleared to avoid any negative impact on your credit history.
If the Hustler Fund app offers an opt-out feature, you may be able to manage your status through it. Otherwise, contacting customer service is recommended.
Opting out of the Hustler Fund in Kenya can be a straightforward process if you follow these steps and clear any outstanding loans.
Whether for financial independence or alternative options, it’s important to make an informed decision that aligns with your financial goals.
For additional guidance, don’t hesitate to reach out to Hustler Fund customer service for support.