Kenyans Live

His Hotel Business Started With Debt

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He borrowed KSh15,000 to start a hotel in Kawangware. The potatoes were still sitting there at the end of the day, the rent was due, and the debt kept growing. What Fred Waswa thought was a loan from his boss came with another layer he did not know about: the money itself had been borrowed from a shylock. Every payment Fred was making was going towards interest, while the principal remained untouched.

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