How to Withdraw Hustler Fund Savings
The Hustler Fund not only gives Kenyans access to affordable credit but also includes a savings component. Part of every loan repayment goes into a savings account, helping you build financial discipline and a secure future. However, you may sometimes want to access your Hustler Fund savings. With just a few steps, you can withdraw your savings conveniently through your mobile phone.
Understanding Hustler Fund Savings
When you repay your loan, a percentage goes to your loan repayment, while a smaller percentage is automatically saved. These savings are split into:
70% Long-term savings (pension-like, accessible at retirement)
30% Short-term savings (accessible anytime upon request)
It’s important to note that only the short-term savings portion can be withdrawn instantly.
Steps to Withdraw Hustler Fund Savings
On your phone, dial
*254#using your registered Safaricom, Airtel, or Telkom line.From the menu, select Hustler Fund.
Choose Savings.
Select Withdraw Savings.
Choose the available short-term savings option.
Confirm the amount you want to withdraw.
Enter your M-PESA, Airtel Money, or T-Kash PIN to complete the transaction.
You’ll receive an SMS confirmation once the money reflects in your mobile wallet.
Things to Keep in Mind
Only 30% short-term savings is withdrawable.
The 70% long-term savings remains locked until retirement or as guided by government policy.
Ensure you have repaid loans promptly to build up your savings.
Withdrawals are instant and credited directly to your mobile money wallet.
Tips for Using Hustler Fund Savings Wisely
Withdraw only when necessary to continue building a financial cushion.
Use withdrawn funds for productive purposes rather than consumption.
Keep monitoring your savings balance regularly via *254#.
Treat your long-term savings as retirement security and avoid relying on it for short-term needs.
FAQs
Q: Can I withdraw all my Hustler Fund savings?
No, only 30% short-term savings is accessible. The remaining 70% is reserved for long-term.
Q: How do I check my Hustler Fund savings balance?
Dial *254#, go to Hustler Fund, and select Savings Balance.
Q: How long does it take to receive withdrawn funds?
The transfer is instant to your M-PESA, Airtel Money, or T-Kash wallet.
Q: Can I withdraw Hustler Fund savings without clearing my loan?
Yes, but you can only withdraw from the short-term savings portion that has already accumulated.
Q: Is there a charge for withdrawing Hustler Fund savings?
Currently, withdrawals are free of charge.
Conclusion
Withdrawing Hustler Fund savings is quick and straightforward. By dialing *254#, you can instantly access your short-term savings while your long-term savings continues to grow securely. This balance ensures you have immediate financial support when needed while safeguarding your future.
