Azziad Nasenya is in trouble after her Kileleshwa house is set to be auctioned. She took a mortgage of Ksh25 million a couple of years ago. She had a boyfriend who promised to help her pay the mortgage.
Azziad didn’t worry of anything and she thought the boyfriend, who lost his wife,was to marry her. She paid few instalments and went broke. The boyfriend helped her for some months but along the way,they broke up. Azziad was left with the responsibility of paying the mortgage.
Mid 2025 she was unable to pay because her income had become slim. The mortgage company decided to auction the house to recover the money.
Azziad was forced to move from the 5 bedroom house to a smaller house where she pay Ksh30,000 monthly rent.
Here is another explanation why the house was auctioned:
Let me explain to you why Azziad’s Kileleshwa Mortgage was a Costly Financial Suicide!
There has been news that media personality and influencer Azziad Nasenya is facing auction over her Kileleshwa home, after defaulting on a Sh25 million mortgage. While the exact terms of her financing remain private, let us assume she negotiated under the best available market rate through KMRC at 9.5%, with a 15-year repayment period.
Under such terms, she would have raised a 20% deposit of Sh5 million and taken a Sh20 million loan. Her monthly repayment obligation would stand at about Sh208,000.
This decision borders on financial suicide. First, applying the 30% income rule (that housing should not exceed 30% of your earnings), Azziad would need to earn at least Sh700,000 every month without fail to comfortably meet this mortgage. For someone in the creative and entertainment sector, where income streams are often volatile and inconsistent, this is a dangerous gamble.
Second, the property is located in an area where rent for a similar 4-bedroom unit is about Sh120,000 per month. This means she was paying nearly double the cost of simply renting, which already makes the deal financially unsound.
Third, the opportunity cost of the Sh5 million deposit is staggering. If invested in the 18% infrastructure bond available at the time she was taking the mortgage, it would generate about Sh75,000 every month in passive income. Adding just Sh45,000 out of pocket, she could have comfortably rented the same apartment at Sh120,000 — and still preserved her financial flexibility.
The lesson for everyone is that not every mortgage is a path to wealth. Always weigh rent-versus-buy, the sustainability of your income, and the opportunity cost of tying down millions.
In this case, Azziad’s dream home has turned into a cautionary tale of financial miscalculation.
But I am also impressed with her on the fact that she could manage to get such a huge loan at her age. That means she was doing well and something tragic must have happened.
