How I Stopped My Home from Being Auctioned Over a Loan
My name is James Kintu, and I live in Masaka, Uganda. Two years ago, I made what I believed was a wise move. I took a loan from a local bank to grow my small hardware shop. At first, business was promising, and I managed to pay each monthly installment without any problem. But then, everything changed.
The cost of goods rose sharply, customers became fewer, and several people who owed me money failed to pay. Before long, I had fallen behind on my loan repayments.
I tried every option I could think of—selling some stock at a loss, borrowing from friends, even doing small side jobs. But the loan interest kept piling up faster than I could clear it. Then one morning, I opened a letter from the bank’s legal department.To Read More, Tap Here
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