Withdraw Your Hustler Fund Savings Conveniently Using MPESA App Or USSD [Tried & Tested]

Hustler fund is a popular digital credit service that provides loans to five categories of borrowers in Kenya which include;

1. Individuals (Personal loan)
2. Micro-SMEs (Biashara loan)
3. Women Groups (Women Enterprise Fund)
4. Registered Groups (Hustler Group)

Besides the loan aspect, Hustler fund also offers a savings platform which channels a 5% portion of disbursed hustler loans into either long/short term savings.

Long term savings (pension) are 70% of your overall savings whereby the Kenyan government also matches it on a 2:1 ratio up to a maximum of Ksh.3,000 per annum and can only be accessed upon either attainment of the retirement age or relevant ages stated below;

• 18-30 years: Save for a minimum of 10 Yrs from Date of Joining or for maximum period terminating at age 35 or continue saving till retirement age
• 31-40 years: Save for a minimum of 7 years from the date of joining or for a maximum period terminating at age 45 or continue saving till retirement age
• 41-50 years: Save for a minimum of 5 years from the date of joining or for a maximum period terminating at age 50 or continue saving till retirement age
• Above 51 years: Save for a minimum of 3 years or continue saving till retirement age

On the other hand, short term savings are 30% of your savings which are accessible after one year of joining the fund.

In addition, the savings platform also allows for voluntary contributions/top ups without necessarily having to take up the Hustler loans whose contributions are mandatory.

How To Join Hustler Fund

Joining the Hustler fund platform is as simple as selecting the ‘Opt IN’ option available either through the USSD code *254# (Safaricom, Airtel or Telkom) or MPESA app.

However, before joining you should ensure that you meet the minimal requirements which involve; being a Kenyan national who is 18 years and above, possess a valid national ID and an active phone number.

Additional requirements may be required to access the other categories of loan products such as Biashara loan, Women Enterprise Fund and Hustler Group.

How To Withdraw Hustler Fund Savings

If you have been contributing towards your Hustler savings either mandatory or voluntarily, you have the option for withdrawal albeit after a specified period of time as highlighted earlier.

Therefore, for this article we will focus on how to withdraw your short term savings portion and to do this, follow the below outlined procedure.

A) Withdraw Hustler Fund Savings Using MPESA App

1. Download and Install the M-PESA App
2. Login to the M-PESA App
3. Launch the Hustler Fund Mini App
4. Enter your M-PESA PIN
5. Select Hustler Fund Option
6. Tap on ‘Short Term Savings’
7. Tap on ‘Withdraw to M-PESA’
8. Enter the amount of savings you want to withdraw then tap ‘Confirm’
9. On the next screen, click on ‘Withdraw’
10. Enter your M-PESA PIN
11. You will receive notification confirming your withdrawal request
12. Once processed, the withdrawn funds will be deposited to your MPESA account.

B) Withdraw Hustler Fund Savings Using USSD

1. Dial *254#
2. Select 1: Hustler Fund
3. Select 1: Personal Loan
4. Select 5: Savings
5. Select 2: Short term Savings
6. Select 3: Withdraw
7. Enter savings amount to withdraw
8. Confirm withdrawal by selecting 1: Accept
9. Enter M-PESA PIN
10. Wait for confirmation SMS on your withdrawal request
11. Once processed, the withdrawn funds will be deposited to your MPESA account.