Kwekwe Businesswoman drowns in debt

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IMMOVABLE and movable property belonging to Kwekwe businesswoman, Loucia Mary Machekera is expected to go under the hammer this weekend, as she struggles to settle debts to banks and other companies.

Machekera, who owns Clinoid Transport, Techrach Enterprise and has several other business interests in the city, owes, among others, NMB Bank, ZB Bank, Mega Market of Mutare and MicroKing Finance over $133 598.

NMB, through its lawyers Danziger and Partners, in case number 2165/15, won a writ of execution at the Gweru Magistrates’ Courts over an $8 826 loan, attracting an interest of 18% per annum from October last year.

ZB Bank is owed $31 772, which it wants its lawyers Masawi and Partners, to collect with 35% interest per year, including collection commission and costs of the suit.

The judgment, which was delivered at the Kwekwe Magistrates’ Courts under case 575/14, has now been paired with that of MicroKing Finance, which is demanding $79 000 from Machekera, her brother Roy and a business partner identified as T Samupunga in case 612/15.

Mega Market of Mutare has also won its case against Muchekera over a $14 000 debt which was extended in November 2014 and not repaid.

Kwekwe messenger of court, Energy Pedzera has since attached an upmarket two-storey house in Chicago, which has 12 rooms, as well as a warehouse and business offices in Redcliff, which will go under the hammer if payments are not made by Saturday.

Also attached is household furniture, a double-cab Ford Ranger truck, a Honda CVR car and a truck and its trailer.

The money raised from the auction will be shared among the creditors. Newsday