Borrowing costs extra
Why you always pay back more than you borrow
The story
Kamau’s older cousin Njeri is short of fare home. Her phone lets her overdraw, a bit like Fuliza: she spends money she doesn’t have and pays it back later, with fees.
The big idea
Borrowing isn’t free. Lenders charge fees or interest, so you always pay back more than you borrowed.
Ask at home
Ask your child why paying back a loan costs more than the loan itself.
The full lesson, with its questions and Kesho Stars, is in the myKesho kids app.
Ready for tomorrow.
Start this week. Their first payday can be this Friday.
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