Monday 29 September 2014

The Borrower's Mentality 1

"If the borrower can reason like the lender, paying of debts would be so easy" - Elekwa O. Elekwa

It's 20th day of the Month, Emeka seriously needs 50,000 naira to complete the 150,000 naira he already has to 200,000 naira so he can make some purchases for his Supper Market this coming weekend. Emeka is not so rich, but he makes some cool cash, as it stands now, he has already committed some money to his suppliers who just called in to inform him to "please bear with them" that they can't supply between Wednesday and Friday, if he can't get this 50,000 naira in two days, he would not have goods for the weekend and that's not good for business.

Emeka has called more than eight of his friends and has been 'entertained' by numerous stories from them, the conclusion was that none of them could lend to him at this time.

Obinna is Emeka's church member, they relate well as well as visit each other too. Obinna is seen as a rich, wealthy and comfortable man. The truth is that he is not as rich as people see him, is just that he plans himself well, saves enough when he can and always lives and spends within his means. He neither makes as much as Emeka does nor as much as Emeka believes he does.

Now the last thought on Emeka's mind is Obinna.

He rings Obinna, narates his ordeal to him and asked him to please lend him N50,000, that he'll pay him immediately he gets the money back. Obinna told him, he's not that bouyant, but let him see what he could do. As the case may be, Obinna actually had just 35,000 naira in his account at that time and was ernastly expecting the Month to end so he can get more money and carry out other financial activities he needed to get into. Since his wife runs an eatery, feeding wasn't a problem at home and Emeka's work place is just few distance from his home, so he usually drives to work with his Legedez Benz. He decides to withdraw 30,000 naira from his account and find a way to complete it 50,000 naira and help his brother since he hopes to get the money the next week and the 30,000 naira wasn't actually doing anything in his account. Obinna was able to raise some 20,000 naira and send the 50,000 to Emeka. And Emeka was so happy and promised to pay back as soon as possible.

Over the weekend, Emeka's Supper Market was bubbling, he made so much money. When it was Monday morning, he thought of paying back to Obinna just as he promised, but so many other thoughts came into his head. He thought within himself, "for Obinna to give me 50,000 naira within that short time, that means he must have more than 200,000 naira in his account, that means withholding this 50,000 naira from him at this time won't kill him, he can wait for sometime, and if I can invest this 50,000 naira in my business this time around instead of giving it back to him, I can make more money". Emeka was making money and also having these same thoughts and stayed for more than two months without paying Obinna the money he borrowed from him.

Say "aye" if you've been in Obinna's shoe before and "wee" if you've ever found yourself in Emeka's shoe.

@Elexharry