×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Download App

Desperate times as political tension drains family incomes

The street Shylock and other shady money lenders are on a roll. Word in the street is that there is a bee line to their offices by desperate Kenyans in search of quick loans. Things are so thick that some are dumping their assets to the unconventional money lenders the moment they are given some exorbitant loans to fix their financial obligations.

To demonstrate how desperate things have turned out, Grapevine was told of a landlady from a gated community who collected money from her neighbors but never remitted it to the watchmen who guard their gated estate. When she was reported to the assistant chief, the landlady simply said that the money was grabbed by her bank the moment she deposited it because she has fallen back in loan repayment.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902