The perils of borrowing money in Uganda

11 February 2013 Last updated at 12:17 ET Help

Your Money, the World Service personal finance programme is in Kampala, Uganda looking at loans and asking why bank rates are so high.

The Governor of the Bank of Uganda says he is deeply dissatisfied at what the banks charge. And he has threatened action if they don't cut their rates.

Geoffrey Walubi tells us his story of taking out three personal loans and struggling with debt as rates rise.

Listen to Your Money on the BBC World Service on Tuesday, 12 February at 13:00 GMT.

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