More and more Kenyans are losing their valued assets — vehicles, pieces of land, houses and household goods — as landlords, banks, saccos, shylocks and online lenders go after them for defaulting on loans and payments. The high cost of living highlighted by the runaway inflation is not making life any better for borrowers. And for many Kenyans, it is just a matter of when, not if, the auctioneers will come knocking.
1062 is the total number of registered companies that closed down between July 2022 and December 2022 as more close this year because of a tough economic situation
Na bado. Mutalilia chooni
Bado hata hamjaanza kuumia… mtajua economy sio duka ya familia kwa kitongoji duni.
uko subjective. Kuna waseh kadha najua wamenunua mandege mpya kadha mwezi hu.
If you cannot pay the loan, it’s not your property. Ulipewa pesa in exchange for the property. Until you give back the money it’s not your property.
The better wording would be "more and more banks are dealing with non-performing loans. Shareholders at these financial institution are facing huge losses and pain as more borrowers fail to meet their obligations "
Kenyans love biting more than they can chew when it comes to investment. Kujionyesha na crass competition.
A very low IQ low effort take on the matter
You don’t have to comment on everything.
Manze
Circa march 2024, $$ itakuwa mahali proper, sahii street ni 130 against kes. Imagine the shafting that will be then. We thank God.
Someone aliniitia kde, Nissan syphilis na 850k. Ni vile Niko down jo. Fuc.k
Ati Nissan gani mdau?
:D:D:D:D:D:D:D well put . Ghaseer zilipe pesa
You got it right chief.
Schupit people mtu achukue pesa bank, aende club anunulie malaya pombe, aweke sidechicks kama watano, alafu akishindwa kulipa PESA YA WENYEWE anaanza “buhuhu banki anakataa na my propatiii”
A loan is basically the bank offering to buy your property for a limited time with a commitment to sell it back to you in installments at an agreed selling price
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Kagege, Thakayo amefanya kasi buana.