Families in Kenya are borrowing for survival after the coronavirus pandemic stopped their revenue streams, a survey by GeoPoll shows. In Ivory Coast, 47 per cent are borrowing to meet their daily needs. The survey was conducted remotely via SMS from June to July 2020 in Kenya, Nigeria, South Africa, Ivory Coast and Mozambique. In Kenya and Mozambique food ranked at a high of 63 per cent and 57 per cent respectively. School fees was at 21 per cent while rent, vehicle loan, and credit card payments were also listed by about 13-14 per cent of respondents.

Source: The Star July 17, 2020 00:56 UTC