You can anow apply for the hustler fund biashara individual micro loan and give your business a boost but how can one do that?
In this article I will be taking you through the application process for the new hustler fund biashara individual micro loan product.
Note: You can also have a look at the Women Enterprise Fund (WEF) loan product too.
The good news is that, WEF loans is how part of the Hustler Fund Loan Facilities where women can apply for loan via mobile phones
Hustler Fund Individual Biashara Loan
The individual biashara micro loans from Hustler Fund ranges sh. 10,000 to sh. 200,000 disbursed instantly to the borrower's M-Pesa account.
Individual biashara micro loan interest rate is 7% per year, which is much lower compared to normal individual Hustler Fund which is at 8% per year.
How to Apply for Individual Biashara micro loan from Hustler Fund
New applicants must first register their business by providing the business registration number and name the kind of business you do.
Business categories targeted include; Agriculture, Trade, Manufacturing and service providers.
Here are the steps to register your business on hustler fund;
- Dial*254#
- Select Hustler Fund
- Select Biashara Loan
- Select Register
- Select your business category
- Enter your business registration number and submit
Here are images to take you through the registration process too;
After successful registration on hustler fund biashara loan, you can then proceed to apply for the loan.
To apply for individual biashara micro loan from hustler fund using USSD, just follow the steps below;
- Dial USSD code*254#
- Select Biashara Loan
- Apply in respect to the Lona limit given
- Approved loan will be disbursed to the borrower's M-Pesa account instantly.
You can also apply for hustler fund biashara individual micro loan via M-Pesa app , Airtel money app or T-kash app.
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