I'm Wilson, 29 years old. I earn $1,237. I pay five per cent withholding tax (WHT) every month because the company is foreign and not registered in the country. So, they use another partner company that is registered locally. They receive dollars and pay me in Kenyan shillings at the current rate. They deduct five per cent WHT from this amount each month. Last year I saved up to Sh1 million in MMF, but I used it for dowry and a small wedding. I regret that move.
Currently, I have a baby with the woman I married this year. He is two weeks old. I have saved Sh750,000 shares in a Sacco which I joined as soon as I got a job. I also have two money back life insurance policies worth Sh41,500. One cost me Sh16,500 and the other is Sh25,000 monthly. I'll have to pay this for 16 years. I lived in a one-bedroom house for which I paid Sh11,000 per month. Recently, I moved to a two-bedroom house that costs Sh35,000 per month. I have been here for a month now. I also have a piece of land in Kamulu which I bought two years ago.
