Hustler Fund gets new boss as Nkukuu exits

The Board of the Financial Inclusion Fund (Hustler Fund) has appointed Henry K. Tanui as Chief Executive Officer, succeeding Elizabeth Nkukuu who has led the fund since its inception.

Tanui, a seasoned financial services professional with more than 24 years experience, has worked at Ecobank, Consolidated Bank of Kenya, and the Industrial and Commercial Development Bank of Kenya.

“His extensive background has given him a deep understanding of Kenya’s economic development and the vital part that financial services play in promoting inclusive growth,” said the fund in a statement on Wednesday.

Tanui pledged to build on the fund’s achievements.

“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,” he said.

Cabinet Secretary for Cooperatives and MSME Development, Wycliffe Oparanya, lauded the fund’s role in supporting ordinary Kenyans.

“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,” he said.

Principal Secretary for MSME Development, Susan Mangeni, cited the Fund’s contribution to financial inclusion.

“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,” said Mang'eni.