In Kasese district, residents are choking on Bank loans, with a least two out of every 10 homes in the municipality marked by banks or microfinance institutions, pending sale for failure to pay bank loans.

A visit to Kasese municipality, one cannot go without noticing the writings on buildings, with many written on in bold, Bank property or on sale just because the owners did not pay their loans.

Ezekiel Birewo is one of the loan defaulters, who has sold off his land to settle the bank loan.

Birewo admits that he made a mistake to borrow and invest in shops that he left in the hands of attendants.  

According to Isaiah Thembo the LC. I chairperson Kitooro cell, says over 20 people visit his office daily, asking for loan recommendation letters.

But while some get letters from the chairperson, others get letters different committee members and after failing to service their loans, they sell off the properties they presented as collateral.

Moneylenders and Banks that preferred not to appear on camera admit that borrowers are failing to pay back.

The Kasese Mayor Godfrey Kabyanga attributes the problem of investing loans in unproductive ventures and acquiring multiple loans using the collateral.

Bank loans are also affecting schools; since school teachers who acquired loans are fleeing in fear because they cannot concentrate in class. Meanwhile, they have been urged not to borrow without a clear plan.