Loan Shark Quits Business After Debtor Walks Free with Cleared Records

The lender, who has been in the business for over a decade, was known for aggressive collection tactics and intimidating methods that kept his borrowers under constant fear.

The incident began two weeks ago when a 40-year-old matatu driver known as Mzee Kevo walked into the loan shark’s kiosk and asked to clear his records. According to witnesses, he had borrowed a modest sum five months earlier but had been unable to meet the harsh repayment terms. Interest had ballooned the debt far beyond the original amount, and he had already lost a television and a sofa set to forced recovery.

What happened next was unexpected.

Instead of demanding more property or money, the loan shark reportedly looked at Kevo for a few moments, then stood up and tore the man’s debt record in half without saying a word. He then went into the back room of his structure and began packing up files, receipts, and posters. By the end of that same afternoon, he had taken down his business sign and removed all remaining furniture from the premises. To continue reading, click here.