Nairobi, Sept. 14 -- President William Ruto administration plans to use borrowing and repayment behaviour records to determine who qualifies for higher Hustler Fund limits, a move aimed at converting an estimated 10 million repeat borrowers into bankable customers.

The new system will build on the Fund's existing credit scoring by incorporating alternative data and potentially the history of borrowing from banks, Saccos, mobile lenders and other financial institutions.

The State Department for MSMEs Development says it will pilot alternative-data use by analysing the financial behaviour of recurrent borrowers to inform enhanced credit limits, new products and refinancing opportunities.

""The sub-sector will leverage on the Financial In...