HOAX: This message linking Hustler Sacco to hustler fund is a scam

Written by on November 24, 2022

Emmanuel Talam, the Press Secretary at the Presidential Communication Service dismissed the sacco.

A screengrab shared on Twitter with a message urging Kenyans to register and be members of the Hustler Sacco in order to get hustler fund loans is a HOAX.

The photo was shared on Twitter on November 16, 2022, with a caption reading “Hustle Sacco Hustlers Fund.”

The message on the screengrab reads “ Hustler Fund launch is in December. Click this link to register as a member at Hustler Sacco and apply for loans.”

The sender details captured in the screengrab purport that the message is from Hustler-UDA.

The link takes you to a website dubbed Hustler Sacco that requires one to provide personal details including name and contact details.

After filling in your details, you are then taken to a new page where you can request for a loan or deposit funds.

We performed a WHOIS search and established that the website was registered on October 11, 2022, in Reykjavík, Iceland.

The name of the registering entity was, however, withheld.

But is the sacco legitimate? Is it really affiliated with the government’s hustler’s fund?

SKY 106.1 FM contacted Emmanuel Talam, the Press Secretary at the Presidential Communication Service who refuted the claim as untrue.

“There is nothing like that, there is only a Hustler’s fund that is going to be launched, it will be launched at the end of month. Must be fake news…Those are conmen,” he said.

Meanwhile, Co-operative and Micro, Small, and Medium Enterprises (MSMEs) Cabinet Secretary Mr Simon Kiprono Chelugui recently announced that the rollout of Hustler Fund first phase is expected to be launched on November 30.

CS Chelugui said the fund will be accessed through mobile phone, adding that no registration will be required.

He did not mention anything to do with a sacco and warned Kenyans against falling prey to persons purporting to offer the fund.

“​​We wish to inform the public to disregard all forms of communication, inviting them to register for the fund on website or phone numbers. No registration is required and all that will be required is to dial a code, there will be no intermediaries, it will just be the hustler and his or her phone,” Chelugui was quoted by Capital FM.

 This fact check was published by SKY 106.1 FM with support from Code for Africa’s PesaCheck and African Fact-Checking Alliance.

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