They borrowed Shs 200 million from Goldmine Finance at 48% per year. They defaulted and lost their land
Timothy Kayondo and Denis Muguzi have lost their piece of land after they defaulted on a Shs 200 million loan offered to them by Goldmine Finance Limited. The loan was offered at a rate of 48% per year. Justice Susan Odongo of the High Court overturned a lower court’s temporary injunction that had blocked the…