I have mobile loans totalling Sh55,000 which are active. I borrow from one app to pay the other which keeps on increasing the apps to borrow from because of high interest rates.
My name is Peris. I earn a net salary of Sh68,000 but I am really in a lot of debt, some of which are in default. I have mobile loans too from about 10 apps. I schooled my siblings in high school and college and all are now done. Two will be graduating this year. I recently got married and have one kid. My husband pays the rent while I take care of the bills; water and electricity Sh2,000, shopping and food Sh10,000, housegirl Sh5,000, Postbank Sh5,000, Britam Sh3,000, Saccos Sh6,000, travel and other expenses Sh8,000, home and parents Sh15,000. I need help because nothing seems to be working. I have mobile loans totalling Sh55,000 which are active. I borrow from one app to pay the other which keeps on increasing the apps to borrow from because of high interest rates. I defaulted on two; one with Sh19,000 but penalties accrued pushed it to 42,000 and another one Sh9,000 which has now reached Sh17,000. These have put me on CRB. Britam loan has also added up to Sh45,000 yet I borrowed Sh25,000 and paid Sh5,000 only. I also have an active bank loan of Sh13, 495 repayments every month.
