What makes some businesses based on borrowed money fail? Why do loans make some people poor?
The idea that borrowing is good, more borrowing is better, and unregulated borrowing is best.
What is the name of that Mombasa guy who’s getting auctioned?
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TSS
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Lecturer leta hekaya full
Weak business plan
Banks want you to borrow and they propagate the idea ‘debt is good’ widely because it is their main product.
Fact is, debtors are slaves to the lender.
Unfortunately it almost impossible to expand without utilizing credit. So we borrow hoping to outrun it before it crushes us.
Mzee TSS was overtaken by his debts.
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Some succeed others fail depends on how and what you invest in
Money lent sio mbaya ukitumia poa
unataka watu wavunge bank ili waibe pesa ya kuanza biashara ama unataka aje sasa ?
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