wazua Mon, Mar 30, 2026
Welcome Guest Search | Active Topics | Log In

11 Pages«<45678>»
Ubapesa
Options
Previous Topic · Next Topic
Thitifini
#51 Posted : Thursday, May 24, 2018 10:10:12 PM
Rank: Member

Joined: 1/15/2015
Posts: 681
Location: Kenya
ngapat wrote:
First bad debt for me. I lent a 10 day loan of 3500 ksh to a borrower who was supposed to repay today. The borrower only repaid ksh 650 today. Waiting to see how this saga unfolds


I started off with 10k then topped up with 100k. Uptake was good, snapped in 2 days. Didn't "reinvestment", to test waters on repayment rate.

So far defaulted loans are 12k in total with the rest repaid and withdrawn.

That default rate was rather high for my appetite.

60% Learning, 30% synthesizing, 10% Debating
Back to top
  |
mawinder
#52 Posted : Friday, May 25, 2018 6:27:58 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Thitifini wrote:
ngapat wrote:
First bad debt for me. I lent a 10 day loan of 3500 ksh to a borrower who was supposed to repay today. The borrower only repaid ksh 650 today. Waiting to see how this saga unfolds


I started off with 10k then topped up with 100k. Uptake was good, snapped in 2 days. Didn't "reinvestment", to test waters on repayment rate.

So far defaulted loans are 12k in total with the rest repaid and withdrawn.

That default rate was rather high for my appetite.

In 60 days you get back the defaulted amount automatically.I find that the default rate is ok..Also you need to have say a 12 months investment reinvesting and see what you get at the end
Back to top
  |
Thitifini
#53 Posted : Friday, May 25, 2018 2:41:22 PM
Rank: Member

Joined: 1/15/2015
Posts: 681
Location: Kenya
mawinder wrote:
Thitifini wrote:
ngapat wrote:
First bad debt for me. I lent a 10 day loan of 3500 ksh to a borrower who was supposed to repay today. The borrower only repaid ksh 650 today. Waiting to see how this saga unfolds


I started off with 10k then topped up with 100k. Uptake was good, snapped in 2 days. Didn't "reinvestment", to test waters on repayment rate.

So far defaulted loans are 12k in total with the rest repaid and withdrawn.

That default rate was rather high for my appetite.

In 60 days you get back the defaulted amount automatically.I find that the default rate is ok..Also you need to have say a 12 months investment reinvesting and see what you get at the end


First I wait for 60 days to see if the defaulted amounts will be repaid.

Most p-to-p companies in UK and China collapsed after the defaults became too much to sustain. Ikitoboa 6 months I might return...13% return in 2 weeks was not that bad...

60% Learning, 30% synthesizing, 10% Debating
Back to top
  |
Wororo
#54 Posted : Friday, May 25, 2018 4:28:32 PM
Rank: Member

Joined: 1/30/2011
Posts: 207
Kenya moves to regulate Fintech lending craze...

@Thitifini 6 months might be too long as regulations kick in...
Back to top
  |
Thitifini
#55 Posted : Saturday, May 26, 2018 9:52:53 PM
Rank: Member

Joined: 1/15/2015
Posts: 681
Location: Kenya
Wororo wrote:
Kenya moves to regulate Fintech lending craze...

@Thitifini 6 months might be too long as regulations kick in...


Well, I didn't like the thing. Regulations? They will find a way of avoiding it. KCB did with their mobile app.

60% Learning, 30% synthesizing, 10% Debating
Back to top
  |
Thitifini
#56 Posted : Saturday, May 26, 2018 9:54:26 PM
Rank: Member

Joined: 1/15/2015
Posts: 681
Location: Kenya
I now prefer walking to a procurement officer at nys.

60% Learning, 30% synthesizing, 10% Debating
Back to top
  |
mawinder
#57 Posted : Sunday, May 27, 2018 8:52:17 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Thitifini wrote:
I now prefer walking to a procurement officer at nys.

Hahaha...
Back to top
  |
Stiffler
#58 Posted : Sunday, June 03, 2018 8:59:42 PM
Rank: Member

Joined: 11/7/2017
Posts: 186
Location: Nairobi
Lent 5k for a month...
The Loan got defaulted
Now waiting to see if Ubapesa honors their 60 day Money back guarantee...
Back to top
  | | Edit by user: Sunday, June 03, 2018 9:59 PM | Reason: Not specified
Chaka
#59 Posted : Sunday, June 03, 2018 10:36:01 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Hope the jamaas don't have proxies pausing as borrowers who then borrow from new lenders and they then use the proceeds to repay old lenders?

Stiffler wrote:
Lent 5k for a month...
The Loan got defaulted
Now waiting to see if Ubapesa honors their 60 day Money back guarantee...
Back to top
  |
wazuaguest
#60 Posted : Tuesday, June 12, 2018 6:31:51 AM
Rank: Member

Joined: 2/9/2012
Posts: 576
Lent 500 four time's,one has been defaulted.Nor lending again.
Africa belongs to Africans.
Back to top
  |
11 Pages«<45678>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Market Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.