How To Withdraw Savings From The Hustler Fund

The Hustler Fund program, a digital financial inclusion initiative in Kenya, has started crediting interest earned on customer savings. This move is part of the fund’s commitment to promoting a culture of saving and investment among Kenyans.

The Retirement Benefits Authority regulates 70% of the fund’s assets, while the remaining 30% are under the Capital Markets Authority.

The Hustler Fund offers an annual interest rate of 8% on customer savings. The interest earned on these savings is credited to the customers’ accounts, providing them an additional income stream. Here’s how you can withdraw your interest from the Hustler Fund:

Step 1: Check Your Savings

Before withdrawing your interest, you need to check the amount of savings in your Hustler Fund account. You can do this by

Dial *254# on your phone.
Select Hustler Fund
Select Personal Loan
Choose Savings
You can then check both your long-term and short-term savings balance here

Also Read: Ruto Unveils Hustler Fund Phase 2, How to Borrow Up to KSh 1m

On your smartphone

Open the M-Pesa app
Open the Hustler Fund mini App
Enter Your Pin
Both Your long-term and short-term savings will be displayed below your loan balance and loan limit.

Step 2: Determine Your Eligibility

You can only withdraw your short-term savings from the Hustler Fund. However, you cannot withdraw your short-term savings if you have not paid 30% of any existing loan. Long-term savings can only be withdrawn as per a person’s age.

Step 3: Withdraw Your Savings

To withdraw your savings,

Dial *254#
Select Hustler Fund
Select Personal Loan
Choose Savings
Select Short-term savings
Select withdraw

AlSO READ: Tala Appoints Agnes Muthoni Kenya’s Head Of Growth

On your smartphone

Click Short-term Savings
Select withdraw to M-Pesa
You can also choose to Transfer the funds to your Long-term savings.

Please note that the Hustler Fund borrowers can only access their savings after one year. Only 30% of the total money saved will be accessible. The remainder, which is 70%, is saved for the long term up to the retirement age which is 60 years.