My name is Michael, and I live in Kampala, Uganda. Like many other men, I had big dreams of becoming successful in business. I wanted to create a life where my family could live comfortably without worrying about money. That is why, in 2022, I made the bold decision to borrow 50 million shillings from the bank to invest in a business idea I had been planning for a long time. I was so confident that everything would work out because I had done my research, and people around me encouraged me to go for it.
At the beginning, I felt proud of myself. I rented a shop, stocked it with products, and even hired two workers. Customers came in, but things quickly started going downhill. The economy was tough, competition was high, and my sales kept dropping every day. Instead of making profits, I found myself using the little income to pay rent, workers, and loan interest. Within six months, the business was collapsing, and I was left with nothing. The bank started calling me every day, and I was drowning in debt. I thought my life was completely finished.TO READ MORE,TAP HERE
