I borrowed Sh900,000; my loan has now doubled due to defaults

I am in my early 50s. I am married with two grown children. I don’t pay rent as my wife, and I have a half-acre where we live. The title is jointly owned by us. My wife works as a primary school teacher.

In January 2025, I took a loan of Sh900,000 from a micro-lender at 25 per cent to buy a second-hand pickup vehicle for a local transportation business. I topped up this money with my savings of Sh300,000 and bought the vehicle. The loan was for a period of 36 months, and my repayments were about Sh35,700.