Most people think financial collapse happens suddenly.

For Shira Karungi, it happened quietly.

The businesses were working. The money was coming in. Multiple mobile money kiosks. A thriving clothing business. Strong monthly cash flow. But behind the visible success was a dangerous cycle of borrowing, delayed payments, lifestyle inflation, and poor financial tracking.

At one point, the debt reached nearly 120 million UGX with no meaningful assets to show for it.

In this episode of Financially Incorrect Uganda Edition, Shira Karunji, co-founder of Kinua Foundation, shares one of the most honest conversations we’ve had about debt, shame, entrepreneurship, women, poverty, and rebuilding financial stability from the ground up.

---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: ⁠https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: ⁠https://shorturl.at/rWFqC🎓 Learn how to trade: ⁠https://shorturl.at/xR2Ye⁠📊 Try a demo account: ⁠https://shorturl.at/izDMc⁠💸 Open a live account: ⁠https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction & Uganda Edition Expansion
02:14 Why Kinua Foundation Was Started
04:18 Self-Funding The NGO Journey
08:55 Rural Uganda’s Cashless Economy
11:17 Childhood Lessons About Money
18:14 The Catering Contract That Changed Everything
24:13 Building Multiple Businesses Young
28:33 How The Mobile Money Business Worked
34:08 Failed Cosmetics Business To Clothing Pivot
41:07 Why Employment Hurt Her Businesses
45:31 How Debt Reached 120 Million UGX
52:10 Panic Attacks, Debt & Asking For Help
56:20 The Debt Recovery Strategy
01:00:26 Rebuilding Financial Stability Again
01:07:23 Why She Avoided Large Scale Imports
01:10:41 Current Businesses & Future Plans
01:14:22 Final Message On Community Impact