THE PSYCHOLOGY OF DEBT, WHY IS IT EASY TO BORROW AND HARD TO REPAY? By Vanessa Nalugo Kalunda The Marketing & Communications Officer at Ntende Finance Ltd. Borrowing money is often easy, repaying it, however, can feel like one of the most difficult financial challenges a person faces. Many people who struggle with debt are not careless, irresponsible, or…
By Vanessa Nalugo Kalunda The Marketing & Communications Officer at Ntende Finance Ltd. When people talk about loan repayment, one factor usually gets most the attention, income. It seems logical. If someone earns high income, they should be able to a loan easily. If someone earns a modest income, chances are they might struggle with repayments. But real life…
SNOWBALL VS AVALANCHE, WHICH DEBT REPAYMENT STRATEGY IS BETTER? By Vanessa Nalugo Kalunda Marketing & Communications Officer at Ntende Finance Ltd Getting out of debt is not only about finding extra money to make repayments. It is also about having a strategy. When you have several debts at the same time, a personal loan, mobile money loan, credit card loan, salary advance,…
How to Get Out of Debt Without Taking Another Loan By Vanessa Nalugo Kalunda Marketing & Communications Officer at Ntende Finance Ltd Debt can feel like carrying a heavy backpack that gets heavier every day. Each month brings another payment, another interest charge, and another reminder that your financial freedom is being delayed. When the pressure becomes overwhelming, many people…
HOW LIFESTYLE INFLATION CAUSES DEBT PROBLEMS / LIFESTYLE INFLATION: THE SILENT DEBT TRAP THAT KEEPS YOU BROKE By Vanessa Nalugo Kalunda Marketing & Communications Officer at Ntende Finance Ltd. “The more you earn, the more you spend.” It sounds harmless, but for many people, this simple pattern becomes one of the biggest reasons they struggle with debt. Have you ever…
HOW TO GROW A SMALL BUSINESS USING SMART FINANCING By Vanessa Nalugo Kalunda Marketing & Communications Officer at Ntende Finance Ltd Starting a business is a bold step. Growing it into a successful and sustainable enterprise is an even greater challenge. Many small business owners have excellent ideas, loyal customers, and the determination to succeed, yet they struggle to expand…
How to create a loan repayment plan that actually works. By Vanessa Nalugo Kalunda Marketing & Communications Officer at Ntende Finance Ltd. Taking a loan can be a powerful step toward achieving your goals. Whether you are financing a business, paying school fees, handling an emergency, or investing in income-generating opportunities, a loan can provide the financial support you need…
7 WARNING SIGNS YOU ARE FALLING BEHIND ON YOUR LOAN REPAYMENTS (And How to Recover Early) By Vanessa Nalugo Kalunda Marketing & Communications Officer Ntende Finance Ltd. Most loan repayment problems don’t happen overnight. People rarely wake up one morning and suddenly find themselves unable to repay a loan. In most cases, there are warning signs that appear weeks or…
LOAN MYTHS THAT KEEP PEOPLE STUCK IN DEBT By Vanessa Nalugo Kalunda The Marketing & Communications Officer at Ntende Finance Ltd. Loans have helped millions of people start/expand businesses, pay school fees, buy assets, handle emergencies, etc. Yet despite how common loans are, many people still fear them, or use them badly because of myths passed around by friends, family,…
WHAT LENDERS LOOK FOR BEFORE GIVING A LOAN By Vanessa Nalugo Kalunda The Marketing & Communications Officer at Ntende Finance Ltd. When applying for a loan, many people focus only on one question, “will I be approved?” But lenders are asking a very different question, “can this person pay the loan on time and in full?” Understanding how lenders think…