When we were settling into our global Mavuno headquarters in 2013-2014, we received pledges totalling to USD 3.5M (Ksh. 350M). God’s people were extremely generous and gave a total of USD 2.2M (Ksh. 220M). However, as soon as we moved, we encountered great disruption, and many people who had made good-faith pledges were unable to immediately fulfill their pledges. In order to settle us, we acquired a bank facility worth USD 1.7M (Ksh. 170M).
We have been slowly paying off this amount, however with payments on both the principal amount and the significant interest payments, not to mention the disruption of the global pandemic, the USD 1.6M (Ksh. 160M) that we have paid off so far, has still left us with a significant balance of USD 1.7M (Ksh. 170M).
We are trusting God that together, and through His provision in our lives, we will clear this amount by September 2022.