Debt management

When Mercy Had to Decide Whether to Borrow or Give Away Part of Her Business Mercy started her small food-processing business in Kiambu after defining a clear idea of what she wanted to build. The business had already found customers, orders were increasing and she could see an opportunity to supply more shops. There was…

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…

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…