Debt

Shreedhar Girdharlal Hirji, an entrepreneur with mining interests in Kenya and Zambia, last year took out a Sh43.124 million loan from Mwananchi Credit Limited.

| Pool

Business unusual: A dream loan turns into a nightmare

What you need to know:

  • The businessman has now sued Mwananchi Credit Limited over the financial entanglement.
  • Mr Hirji owns Harrogate Limited, a firm that extracts manganese ore in Zambia for export to China and India.

A simple loan for a dream project has turned into a nightmare for a businessman who is now on the brink of losing his multimillion-shilling matrimonial home.

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