From 120M UGX Debt To Rebuilding Again | Shira Karungi| Uganda Edition

Most people think financial collapse happens suddenly. For Shira Karungi, it happened quietly. The businesses were working. The money was coming in. Multiple mobile money kiosks. A thriving clothing business. Strong monthly cash flow. But behind the visible success was a dangerous cycle of borrowing, delayed payments, lifestyle inflation, and poor financial tracking. At one point, the debt reached nearly 120 million UGX with no meaningful assets to show for it. In this episode of Financially Incorrect Uganda Edition, Shira Karunji, co-founder of Kinua Foundation, shares one of the most honest conversations we’ve had about debt, shame, entrepreneurship, women, poverty, and rebuilding financial stability from the ground up. ------------------------------------------------------------------------------------------------------------------------------------------- Tagore Living Apartment - https://share.google/o2fVbZApFQ1tGWd7n For all your production needs in Uganda: Contact: +256705098317 / +256786312218 | https://www.cinemaug.com/ Access all our links in one place: ⁠⁠https://lnk.bio/Financially_Inc⁠ 💹 Ready to start trading? 🧑‍🏫 Learn how to trade: https://lnk.bio/fxpesa 📲 Open a demo trading account: https://bit.ly/DemoAccountYT 📈 Start live trading: https://bit.ly/LiveAccountYT ⁠---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters 00:00 Introduction & Uganda Edition Expansion 02:14 Why Kinua Foundation Was Started 04:18 Self-Funding The NGO Journey 08:55 Rural Uganda’s Cashless Economy 11:17 Childhood Lessons About Money 18:14 The Catering Contract That Changed Everything 24:13 Building Multiple Businesses Young 28:33 How The Mobile Money Business Worked 34:08 Failed Cosmetics Business To Clothing Pivot 41:07 Why Employment Hurt Her Businesses 45:31 How Debt Reached 120 Million UGX 52:10 Panic Attacks, Debt & Asking For Help 56:20 The Debt Recovery Strategy 01:00:26 Rebuilding Financial Stability Again 01:07:23 Why She Avoided Large Scale Imports 01:10:41 Current Businesses & Future Plans 01:14:22 Final Message On Community Impact