Hustler Fund and the data protection implications
1. Who provides the fund for loans?
2. Whose money do the banks give?
3. Who keeps the savings deducted from your loans; say ksh 50 from 1K?
4. What does the govt do with all the savings from your loans? Say 100b per year?
5. Who is to be held accountable for the savings from your loans?
Any laws regulating the use of the savings ?
Kind Regards,
Paul Magacha.
Sent from my iPhone
> On 1 Dec 2022, at 11:20, Barrack Otieno via KICTANet <kictanet@lists.kictanet.or.ke> wrote:
>
> In addition, ICT is playing a key role in disbursement which brings to the fore whether the technology being used guarantees inclusion of all citizens. Do we have infrastructure coverage that will ensure no one is left behind. I guess this is where Waziri Odalo comes into the picture.
>
> Sent from my iPad
>
>>> On 1 Dec 2022, at 10:59, David Indeje via KICTANet <kictanet@lists.kictanet.or.ke> wrote:
>>>
>>
>> The Hustler Fund is under the National Treasury.
>>
>>> On Thu, Dec 1, 2022, 10:55 AM Liz Orembo via KICTANet <kictanet@lists.kictanet.or.ke> wrote:
>>>
>>> These are very important questions Tevin. Which policy is the Hustler Fund under? Which government agency is housing it?
>>>
>>>
>>>
>>>> On Thu, 1 Dec 2022 at 10:28, tevin mwenda via KICTANet <kictanet@lists.kictanet.or.ke> wrote:
>>>> Dear listers,
>>>>
>>>> The Kenyan Government launched the much hyped hustler fund a digital lending platform. Credit will be accessible through various lending platforms such as M-PESA. Out of curiosity I can not help but wonder what are the data protection implications of the system. For example what data will be used as baseline to determine your credit worthiness. Is it data held by government, credit reference bureaus, the lending companies or we are starting from scratch ? Who will be the main data controller of the data collected is it government is it the companies. If it’s the government how much data will they have on Kenya and their credit worthiness and what are the implications of that. Who will store this data? Are their any data sharing agreements in place between the entities involved. What data subject rights have been provided and does the consumer understand them? It will be intresting to see how this develops and the discussion from a data protection perspective.
>>>>
>>>> nation.africa/kenya/news/game-changer-president-unveils-hustler-fund-today-4037806
>>>>
>>>> —
>>>> Kind Regards
>>>>
>>>> Tevin Mwenda Gitonga
>>>>
