Njugush reveals how TTNT season 1 landed him in a KSH 6 million debt hole
- Published By Jedida Barasa For The Statesman Digital
- 9 months ago
Comedian Blessed Njugush recently opened up about the financial challenges he faced during the COVID-19 pandemic, particularly after his initial live show left him with a substantial debt.
Reflecting on the Convo podcast, Njugush described 2020 as one of his toughest years after poor planning resulted in a significant financial setback for his TTNT show.
Following the TTNT show, Njugush found himself in a precarious situation, burdened with a staggering debt of Sh6 million that needed urgent repayment.
Unfortunately, pandemic restrictions on public gatherings prevented him from organizing additional events to settle the debt.
One creditor, who had extended a Sh400,000 loan, imposed a steep 30 percent interest rate, adding to the financial strain.
Njugush acknowledged the mistake of seeking a loan from a shylock and lamented the unfavourable terms.
Struggling to make ends meet, most of Njugush's earnings were allocated to servicing the loan's interest, and the comedian faced challenges amid a decline in income from YouTube during the lockdown.
Eventually, the shylock showed leniency, waiving the accumulated interest and allowing Njugush to focus on repaying the principal amount.
With a renewed strategy to monetise his online content, Njugush successfully cleared the outstanding debt.
On their YouTube page a few years ago, Njugush and Cele shared the story of how they got the inspiration for the show.
They said that it all began as a small idea that expanded to include more people in the entertainment industry.
The inaugural show took place on Valentine's Day in 2020 and was subsequently released on YouTube in August of the same year.
The first season marked the public debut of their son, Tugi, who now has his own YouTube channel with over 122K subscribers.
Expressing gratitude on Twitter at the time, Njugush noted, "It was only a dream."
Share on
SHARE YOUR COMMENT
MORE STORIES FOR YOU
Trending Stories
DJ Mo’s former illicit lo...
- Published By Jane
- January 15, 2024
Mapenzi! Zari and Tanasha...
- Published By Jane
- October 24, 2023
Zuchu Speaks on Diamond P...
- Published By Jane
- October 12, 2023
Hio Ni Upumbavu Wasituche...
- Published By Jane
- November 8, 2023
RECOMMENDED FOR YOU
How to deal with a silent...
- Published By Jedida
- October 16, 2024
How to set yourself up fo...
- Published By Jedida
- October 16, 2024
Postpartum Hemorrhage: Si...
- Published By Jedida
- October 16, 2024
Study reveals long term e...
- Published By Jedida
- October 16, 2024
Latest Stories
7 signs that show you are...
- Published By Jedida
- November 5, 2024
8 habits that can help yo...
- Published By Jedida
- November 5, 2024
Willy Paul terms infideli...
- Published By Jedida
- November 5, 2024
Mammito announces upcomin...
- Published By Jedida
- November 5, 2024