65 percent of Kenyans are worried that they can’t be able to cover their daily expenses such as food purchases and rent. This is according to a report by GeoPoll.
The survey dubbed the financial impact of Coronavirus in sub-Saharan Africa further notes that 37 percent note that they have less than a month in their ability to settle these bills.
Additionally, five out of every 10 Kenyans corresponding to about half of the population have taken loans to meet monthly costs as the Covid-19 pandemic deepens economic injuries to families.
36 percent of Kenyans are now dependent on loans to cover monthly costs followed by savings at 26 percent and salary income at 16 percent.
The economic havoc caused by Covid-19 has meant that Kenyans feed from hand to mouth as costs overshadow incomes greatly.
The report that captured views of 500 respondents indicates that 37 percent of monthly expenditures requirements range from Ksh 10,000 and Ksh 20,000 against lower incomes where a majority 53 percent received less than Ksh 10,000 before the beginning of the COVID-19 pandemic.
Before the pandemic the recorded economic sufferings were already evident with 39 percent of Kenyans denoting their unemployment position between January and March this year.
60 percent of those employed at the beginning of the pandemic now report to be jobless with 18 percent noting that they will have no jobs to go back to when all pandemic measures will be lifted.
Meanwhile, 48 percent of Kenyans have noted a sharp drop in income amidst fears on the stay of livelihoods.
Despite the government efforts to shield most vulnerable citizens, 90 percent of surveyed responses note that they are yet to get any share of assistance since the start of the pandemic.
The other 10 percent of respondents have meanwhile resorted to get assistance from family and friends, with government aid coming at a distant third position after donations.
The study also got equivalent findings Nigeria, Ivory Coast, South Africa and Mozambique.