Personal Debt Piles Up in Kenya

The economic crisis is being felt not just on Wall Street and among the international markets.  It’s hitting regular people all around the world.  We look at Kenya where banks are fiercely competing for clients and unsecured loans are becoming very common. While it’s improving people’s lifestyles, young professionals are now taking on debt for all sorts of reasons like buying expensive clothes.  Sound familiar to how we were living, say, three or four years ago? Reporter Wairimu Gitahi, from our partner the BBC, spoke with two men in Nairobi about their attitudes to money and loans.