Black November is the name given to the month of November at Mbarara University of Science and Technology (MUST) and this affects almost every student except those who planned well for their money. In this month, most of the students lack finances and some of them reach an extent of using tuition money and selling off their assets at very low prices in order to get what to eat.
Reports coming in this afternoon show that one of the business faculty students whose name we don’t want to disclose on this site earlier last week went to one of the popular money lenders (student) of the university to borrow money from him and gave him his phone Samsung brand) and laptop as security. This student used up part of his tuition to bet on Man U, Barcelona and PSG over the weekend. As fate would have it, all teams lost and he had no option but to devise means to get back the money before the end of semester examinations.
Money lenders always use this condition to make agreements which show that you have sold off your property at a certain amount which you borrow from them instead of including it as security and this is what happened to this student that if the time elapses, then the property belongs to the money lender. This student signed an agreement that said “I have sold my phone and laptop at 200,000” and he has been given 1 week to pay back to bring back the money and gets back his property. He used the money to clear his tuition.
We urge students not to use tuition for their own interests.
