Canva Trading Kenya Ltd Mombasa v Mwaro (MSET Mombasa 27 of 2021) [2022] KEMSET 755 (KLR) (7 July 2022) (Judgment)
- Court
- KEMSET
- Case number
- 755
- Citation
- [2022] KEMSET 755 (KLR)
- Decided
- 7 July 2022
AI Summary
Beta
Machine-generated — may contain errors. Not legal advice.
TypeMicrofinance DisputePostureAppeal from a previous decisionCoramDr. J. BETT, R. KATINA, Hon J. WERE, A. GIKUYA, A. KIBET
Holding
The respondent is ordered to pay the claimant Kshs 44,700 as the outstanding loan amount and Kshs 330,780 as interest.
Facts
The respondent applied for a loan of Kshs 50,000 from Canva Trading Kenya Ltd Mombasa on January 17, 2019. She paid Kshs 15,300 and owed Kshs 44,700, which has accumulated interest.
Issues
- Principal amount due
- Interest payable
Reasoning
The respondent failed to repay the loan as agreed and changed the repayment mode without notifying the claimant.
Outcome
The respondent is ordered to pay the claimant the outstanding loan amount and interest.
Orders
- Outstanding loan amount of Kshs 44,700
- Interest on the principal sum of Ksh 44,700
- Costs of the suit of Ksh 10,000
Remedies
- Payment of the outstanding loan amount and interest
- Payment of the costs of the suit
Experimental AI summary generated by a language model, not a lawyer. It may contain errors or omissions and must not be relied on for legal decisions — the full judgment below is the authoritative source.
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