So, I was one of the 55,000 depositors affected by the recent collapse of Chase Bank; well it’s not really collapsed, it’s just under receivership because there are people in Kenya allowed to take unsecured loans of KES 7.8 billion - I wonder what it takes to become one of those people. On Thursday 7th of April, at around 8:30am, this was brought to my attention by a concerned friend, but I choose not to believe it; after all, the governor of the Central Bank of Kenya had on the previous day stated that there was nothing to worry about. Well, that was until I couldn’t access my account via the mobile app or the web! I thought of heading to the ATM in my neighbourhood until I saw pictures of them on Twitter: “Out of Order”!

[caption id="" align=“aligncenter” width=“739”] Chase Bank(In Receivership) logo[/caption]

[View the story “So what happened at Chase Bank” on Storify]

Some time back, Safaricom, Kenya’s major carrier, had a promotion in which the main prize was 10 million bob (about 115,000 USD); doesn’t look like much converted into dollars. Nonetheless, I was convinced I’d win. Why? I had a feeling.

That feeling was wrong, obviously, but while I did have it, I wondered exactly what I’d do with such a large amount of money (felt it was large until I converted it into dollars, now it seems like peanuts). I made some basic plans that I now want to share with you guys.