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Auctioneers’ paradise as families and businesses default on loans

A growing number of Kenyans are being forced to auction basic household essentials

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by STAR BUSINESS TEAM

News22 September 2025 - 07:29
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Auctioneers ready to tow a vehicle belonging to a client who failed to pay up debt /FILE

Pawning or auctioning luxury items was for years the last resort for Kenyans caught in temporary financial distress. Jewelry, electronics and high-end furniture often ended up at the stores of shylocks and auctioneers, only to be reclaimed when fortunes improved.

But, today, a new and troubling reality is taking root. A growing number of Kenyans are being forced to auction off their basic household essentials — beds, seats and even kitchen units in a desperate attempt to make ends meet.

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