When Brian Realised His Salary Was Already Spent Before Payday Brian had reached a point where payday no longer felt like payday. His salary would come in, but before he could think about what to do with it, several deductions had already taken their share. There was the SACCO loan he had taken to improve…
When Kevin Thought One Loan Would Solve Everything Kevin had reached a point where he no longer knew which loan he was paying. There was the SACCO loan he had taken to expand his small electronics business, a digital loan he had used when one of his children needed school fees at short notice, and…
When Peter Realised That Earning More Was Not Solving His Money Problems Peter had always believed that his financial problems would disappear once his income improved. When he was earning KSh 35,000 a month, he believed that life would become easier at KSh 50,000. His salary eventually rose, he thought the next increase would finally…
The Day Brian Stopped Answering His Phone Brian knew the call was coming. For three weeks, he had been avoiding it. The first time the lender called, he had promised to pay by Friday. Friday came and went. Then another week passed. His business had not recovered as quickly as he had hoped, and the…
The phone rings again. It is a lender asking about an instalment that was due a few days ago. You already know what the call is about because you have been moving money from one loan to another, hoping the next payment will come before the next instalment is due. Perhaps you have a bank…
The KSh 500,000 That Had Been Sitting in Mary’s Account For almost six years, Mary had been doing something that many Kenyans find surprisingly difficult. She was saving. Every month, after paying rent, helping her mother upcountry and taking care of the usual expenses, she tried to put something aside. Some months it was KSh…
The KSh 2 Million That Peter Did Not Know Where to Put Peter had spent almost ten years trying to get to this point. At 41, the Nairobi businessman had finally managed to put together KSh 2 million in savings. It had not come easily. There were months when business was slow and he had…
The date on the calendar that made Mary rethink her investments On the last Friday of December, Mary sat at her dining table with a notebook, her phone and a pile of papers she had been avoiding for months. Her salary had increased earlier in the year. She had also started making better money decisions….
It was almost 10 p.m. when Brian opened his phone and looked at his trading account again. He had been following a forex trader on social media for several weeks. The trader posted screenshots of profitable trades, talked about making money from the dollar and euro, and occasionally showed the kind of lifestyle that made…
When James received KSh 500,000 from the sale of a piece of land, he knew he did not want to spend it. For years, he had watched money disappear whenever it came without a plan. A bonus would come, then school fees would take some of it. An unexpected family expense would take another portion….
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