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:
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70% Long-term savings (pension-like, accessible at retirement)
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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It’s important to note that only the short-term savings portion can be withdrawn instantly.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
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On your phone, dial
*254#using your registered Safaricom, Airtel, or Telkom line. -
From the menu, select Hustler Fund.
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Choose Savings.
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Select Withdraw Savings.
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Choose the available short-term savings option.
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Confirm the amount you want to withdraw.
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Enter your M-PESA, Airtel Money, or T-Kash PIN to complete the transaction.
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You’ll receive an SMS confirmation once the money reflects in your mobile wallet.
Things to Keep in Mind
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Only 30% short-term savings is withdrawable.
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The 70% long-term savings remains locked until retirement or as guided by government policy.
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Ensure you have repaid loans promptly to build up your savings.
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Withdrawals are instant and credited directly to your mobile money wallet.
Tips for Using Hustler Fund Savings Wisely
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Withdraw only when necessary to continue building a financial cushion.
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Use withdrawn funds for productive purposes rather than consumption.
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Keep monitoring your savings balance regularly via *254#.
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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.
