Kusasira, a senior presidential advisor on Kampala, had borrowed the money, whose amount is yet to be revealed, to inject it into her work with the ruling NRM party.
Musician Catherine Kusasira teared up while talking about her house that is about to be auctioned after using it as collateral to acquire a loan that she has failed to pay.
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"I feel the kind of pain I can't explain... I've started losing my assets," she said while appearing at CBS FM, as tears flowed down her eyes.
Kusasira had hoped to earn big by associating with the government, but it seems things didn't pan out as planned. She said during the interview that some of the things President Yoweri Museveni had promised her were not delivered and there are people behind this.
"There are different people [close to the president that are] fighting us... I personally support Museveni but I would like to see his orders implemented," she said.
Her creditor, through Cranimer Associates, run an advert in newspapers at the end of September to let her know that she had 30 days to clear her debt. After this, the ad said, the house which is located along Abbas Road in Luwafu, Makindye would be sold.
"All occupants are required to vacate within seven days from the date of this notice to enable prospective buyers to inspect the" property, read the advert.
In an earlier audio recording, Kusasira said she was not worried about the house.
"It's true I'm in debt, like everyone else. Loan sharks take your things... There is a lot that has happened in my life that you didn't know about for a long time. But I'm a strong woman. I saw people saying a lot, but I haven't asked anyone to help me... In the Bible, there is a man called Job, he was a governor. Job lost everything he owned and I think he turned into a puppet. [More on this read: Job 1:13-22]. He became a laughingstock. But since he was a believer, he didn't lose hope," said Kusasira.
But in the interview with CBS, Kusasira, who looked somber, appeared worried.