When President Ruto introduced Kenya’s Hustler Fund in 2022, it aimed to provide small loans to informal workers and young entrepreneurs trying to open businesses.

However, not all Kenyans support the initiative.

While the lending itself is voluntary, the capital comes from mandatory deductions from all taxpayers enrolled in the National Social Security Fund (NSSF).

So every formally employed Kenyan currently funds the Hustler Fund indirectly through automatic paycheck reductions.

Those dissatisfied have little individual recourse.

Opting out of payroll cuts remains impossible; unhappy Kenyans can’t exit the financing scheme.

The best option is to apply political pressure and demand more consent and transparency around the deductions subsidizing this controversial lending program.

How to Opt-Out of Hustlers Fund Using USSD Code

The easiest way to opt out of the Hustlers Fund is to use the USSD code *254#. This is the same code that you use to access the fund and apply for loans.

To opt out, follow these steps:

• Dial *254# on your registered phone number.
• A menu will appear with various options, such as “Apply for Loan”, “Check Balance”, “Repay Loan”, etc.
• Choose the option “Opt Out” or “Decline” from the menu.
• You will receive a confirmation message that you have successfully opted out of the Hustlers Fund.

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How to Opt-Out of Hustlers Fund Using Mobile App

Another way to opt out of the Hustlers Fund is to use the mobile app.

The app is available for download on Google Play and the App Store.

To opt out, follow these steps:

• Open the Hustlers Fund app on your registered phone number.
• Navigate to the settings section of the app.
• Tap on the option “Opt Out” or “Decline” from the settings.
• You will receive a confirmation message that you have successfully opted out of the Hustlers Fund.

What Happens When You Opt Out of the Hustlers Fund?

Leaving Hustlers Fund means you’ll no longer qualify for their loans or other financial offerings.

However, you can still use the savings component and will need to repay any current loans or interest.

Before formally opting out, all outstanding debts must be cleared; failure to repay can lead to penalties.

Exiting also erases your credit profile and history with them. If you later decide to rejoin Hustlers Fund, you’ll have to completely rebuild approval for loans and other services.

Walking away comes with both benefits and drawbacks to consider regarding your savings, loans, and credit status.

But you can still use some isolated services if desired, even after discontinuing participation.

Conclusion

The Hustlers Fund seeks to financially assist small business owners in Kenya.

However, some individuals may wish to discontinue using their services for personal reasons.

Exiting the program can easily be done through either the USSD code or mobile application.

However, individuals who opt out would lose access to certain benefits like loans, credit history status, and more.

Therefore, before deciding to leave, carefully consider both the advantages and drawbacks to make the right choice for your situation.

There are pros and cons to exiting, so be sure to think through the impact first.