My name is Chris. I am 29 with a wife and a child. I earn 32,000 after tax but I have been stuck in debt. I have a loan with a Sacco of Sh40,000 ending January next year. I pay Sh3,600 monthly. I used that money to lease a shamba for four years. I have Sh17, 000 M-Shwari and Sh7,600 KCB M-Pesa which I pay monthly and re-borrow immediately. I also have a Sh1,000 hustle fund loan.
This is how I break down my salary: Sh8,000 house rent, Sh3,500 savings in the money market, Sh1,500 Sacco, Sh2,000 education policy, Food Sh5,000. I don't use fare to work and I don't need a lunch budget since I live near where I work and I am able to rush to the house for lunch. I have extra income from my small business which generates at least a profit of Sh300 daily on a bad day.
