Brisk business for auctioneers as loan defaults rise in Kisii

Residents in Kisii town and its environs have resulted to buying water from vendors after supply of water by Gusii Water and Sewerage Company was interrupted over Sh 17 million unpaid electricity bill.

Nairobi; Kenya: The sight of household items by the roadside in Kisii reminds one of the risks of taking a bank loan and the consequences of defaulting.

And on one of the public service vehicles enroute to Kisii town from Keroka, the sight of furniture along the road needs no reminder on the dangers of taking loans. “When you participate in a high jump, you must know which height you can comfortably jump,” quips Mzee Mokaya , an auctioneer at Gianchere market, as he gazes at the furniture.