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The Gachoka family lost half their inheritance in a loan dispute, and now face losing their ancestral farm despite a court victory over unfair interest rates.
The Gachoka family, heirs to late businessman Joseph Muiruri Gachoka, lost half their inherited wealth in a legal battle over a Sh6 million loan to the Bank of Baroda, which raised interest to 45%—increasing the debt to Sh200 million—without proper notice.
The widow, Margaret Njeri Muiruri, challenged the bank’s actions, calling them exploitative.
The High Court initially ruled in the bank’s favor, but the Court of Appeal overturned the decision, citing unconscionable and procedurally unfair interest hikes.
The ruling halted enforcement of the inflated charges.
Meanwhile, the family faces renewed threats to their 85-acre Thika farm, which was sold in 1993 after a loan default.
In September 2025, Floriculture International Ltd, allegedly linked to foreign nationals and now with local proxies, obtained a lease allotment from the National Land Commission, bypassing the widow’s renewal efforts.
Her lawyer alleges government interference and rushed approval, raising concerns over undue influence.
An appeal against a 2020 court ruling upholding the 1993 sale remains pending.
La familia Gachoka perdió la mitad de su herencia en una disputa por un préstamo, y ahora se enfrentan a perder su granja ancestral a pesar de una victoria judicial sobre las tasas de interés injustas.