surviving an economic turmoil

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In 2013, while there was a serious crisis in Conakry, the capital city of Guinea, every week there would be at least one political rally and violent display of anger, during which politicians would call on their supporters to disrupt the economy in an attempt to pressure the government into negotiations. This approach affected their own supporters the most, as youths would barricade the city and throw projectiles at anyone who dared to defy the opposition.

This, added to my already worsening economic situation, was the final straw. Due to my desperation to stay afloat, I broke all rules of good conduct; I committed multiple economic malpractices and violated the Islamic prohibition of "riba" (interest). I sublet my store in Madina to two individuals while they were waiting for me to finish maintenance on the building.
I continued borrowing money at interest from local money changers without fully disclosing my actual financial status, and then used the borrowed money to partly purchase and partly credit goods from my  suppliers, who trusted my skills as a talented salesman.
I will sell the goods as quickly as possible, using the total amount to partly purchase and partly borrow more goods from another supplier. I will then sell everything at lightning speed to repay the moneylenders with interest and repay the first supplier. This time, I can eventually take the goods without paying a dime.

I maneuvered by calculating many moves ahead but problems started to arise as one of my cousin I was using to run some errands started to spill the beans to my lenders which makes them sensed that I rely too much on them then they started raising their interests and delay my funding which created a chain reaction on my debtors. Business men started to complain and getting suspicious of scam as there would be no goods in my store but delay payments.

Once again as a bold and smart trader who's mastered the art of flipping a situation at a speed of light, I started to call on my customers in the region to pay in advance as goods are getting scarce, to overcome the delayed fundings from the money lenders. But the damage was already been done because some suppliers started refusing to give out their goods without 75% payment.

I would accuse the delay of goods to my customers to the political turmoil etc. Problems started to pile as time passes.and as time passés the hole I was digging was getting dipper and wider, something most be done to stop this whole masquerade. To do so, I have to take drastic decision which consists of paying all customers and all petit suppliers then left with one big creditor whom can not be affected with the situation.

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⏰ Last updated: Nov 25 ⏰

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