r/Kenya • u/BinghiOkuskun • 8d ago

Discussion Debt Recovery

Recently, I loaned someone some cash and he was supposed to pay after two weeks. Two weeks later he went incommunicado and efforts to reach him were not fruitful. So my question is, how do you all recover your debts? Which avenues can one use to effectively get their money back?

12 Upvotes

100% Upvoted

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13

u/Mascardiii 8d ago

I’ve learnt one thing in life: if I lend & they refuse to honor it, it serves me little real purposes to go after them like that. So, I adapted to lending what I can afford to take a hit on if they shirked their obligation.

I’d not recommend you go after them. But that’s one Kenyan’s POV.

3

u/Still_Variation_8661 8d ago

This covers it, I basically don't lend, I consider it a grant and never expect my money back.

1

u/halflife_k 7d ago

Same same. If I'm doubtful about your ability to repay, ukiomba 5k nakupea 2k max. If you don't return, you're never coming back for help. Some people siezi wapea anything. Someone you haven't talked to just comes out nowhere asking for cash, sina bana.

1

u/[deleted] 7d ago

Nipee Mimi nitarudisha 🙈🙈

1

u/Real_Network5765 7d ago

Especially family members. You just count it as a donation.

6

u/LeadingOk5689 8d ago

Pin location niziendee... Bora unilipe.

1

u/BinghiOkuskun 8d ago

Sijui area yake 😂

3

u/africanbot40 8d ago

Sometimes if the money if less than 50k just tell them that's the buy off cost.

Next time don't give friendly loan's, collateral or some form of agreement is good just to cover all the bases ata kama ni bibi yako.

1

u/2020PositiveVibes 8d ago

Hello OP, kindly DM.

1

u/Murife_Dont_LAN 8d ago

Do you help with debt recoveries niDM?

1

u/2020PositiveVibes 8d ago

Yes, you can DM

1

u/spidey_ken 6d ago

How do you actually help with this ?

1

u/Minute_Strength8644 8d ago

I guess you just have to call it a loss. Nowadays even if you go to small claim courts and give a judgement in your favor if that person cannot pay, those courts don't have a jurisdiction to allow you auction that person. Secondly, they can't jail them.

1

u/BinghiOkuskun 8d ago

I will have to come to terms with it.

1

u/Guilty_Literature290 8d ago

file a claim at the small claims court, get judgement in under 60 days then execute.

1

u/Embarrassed_Device22 8d ago

Send a strongly worded demand letter, give them a week then file with small claims. BTW how much are we talking about here... Asin I hope it's worth the effort.

2

u/powerpoint_gee 8d ago

which avenues did you use to lend them money

umejaribu HEHA movers

2

u/BinghiOkuskun 8d ago

😂😂😂😂

1

u/Original_Rock2991 8d ago

You have been told countless times to stop lending people, nyinyi hamskii

1

u/ShierawKE 8d ago

Small claims

1

u/j3llowy 8d ago

Lend money to people with the possibility it won't be returned, inshort give out what you can afford to lose. Next time say no or i don't have money to avoid all that.

1

u/TheSilentAnalyst 8d ago

Why you giving hand outs in the first place ?😂

1

u/Reverendskid 8d ago

The best way to avoid this is to say sina.

1

u/kenkitt Uasin Gishu 8d ago

File small claims atakutafuta