PREMIUM I took a Sh800,000 loan behind my husband’s back and got scammed. How do I repay it? I had taken this loan to pay an agency for a secret visa to go abroad for work but I got conned. Saturday Magazine Just now Listen
I have a Sh800,000 secret loan that I pay Sh14,000 monthly instalments Photo credit: Photo I Pool The Sh800,000 loan is the biggest challenge in your current financial situation, especially because the money was lost through fraud and left no asset or investment behind.
By settling costly mobile debt, temporarily reducing non-essential expenditure, and directing any available surplus into a high-yield Money Market Fund to serve as an emergency fund, you can shift from short-term financial survival to gradual wealth creation.
My monthly expenses are Sh4,800 tithe and Sh1,200 in church donations, a merry-go-round of Sh4,000, transport and lunch Sh5,800, Sh3,000 holiday kitty, Sh5,000 salon, Sh3,000 mum, Sh4,000 mobile loan.
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