Henry K. Tanui ha been appointed as the new chief executive officer for the Financial Inclusion Fund also known as Hustler Fund with immediate effect.

Tanui succeeds Elizabeth Nkukuu who has been at the helm of the fund since February 2023.

Speaking during the handing over ceremony in Nairobi, Cooperatives and MSME Development Cabinet Secretary Wycliffe Oparanya tasked the new chief executive to boost loan repayment rates.

“The Financial Inclusion Fund has already provided affordable credit to more than 26 million Kenyans. As we look ahead, I encourage the Hustler Fund team to enhance their efforts in promoting timely repayments to improve credit scores and to expand financial literacy programmes that support Kenyans in succeeding,” said Oparanya.

Latest data indicate that Hustler Fund has so far disbursed more than 75 billion in loans to 26 million Kenyans.

“Through the Hustler Fund, over 9 million Kenyans now have improved credit histories and are more capable of accessing financing from mainstream financial institutions. We extend our gratitude to Ms. Elizabeth Nkukuu for her steady leadership in establishing the Fund and guiding it through its early stages,” added Susan Mangeni, Principal Secretary for MSME Development.

Tanui bring 24 years of experience in financial services sector where he previously held senior roles in among others Ecobank, Consolidated Bank of Kenya, and the Industrial and Commercial Development Bank of Kenya.

“The Hustler Fund has already proven to be catalytic in supporting livelihoods and economic growth. My focus will be on reengineering our collection processes, strengthening financial literacy, and building ecosystem lending channels that expand our reach and deepen our impact,” said Tanui.