An audit of Kenya’s Hustler Fund has uncovered Sh31.8 million disbursed to borrowers who were either underage or not yet born, raising serious concerns about mismanagement and potential fraud.

Auditor-General Nancy Gathungu’s review of the 2023/24 financial year highlights systemic flaws, including over-reliance on external managers and soaring loan defaults.

The findings cast doubt on the credibility of President William Ruto’s flagship financial inclusion initiative.