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Ubapesa
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holycow
#61 Posted : Wednesday, June 13, 2018 6:14:14 PM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home
I've also had two defaults. I'm lending maximum of 500/=.
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ngapat
#62 Posted : Wednesday, June 13, 2018 6:20:29 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
i find the default rate rather high. of my 12k investment, 5k has been defaulted. This is nearly 50% default rate. I'm not lending anymore until i recover what has been defaulted.
“Invest in yourself. Your career is the engine of your wealth.”
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Lolest!
#63 Posted : Thursday, June 14, 2018 8:11:41 AM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
From the default reports, it seems the dishonesty of Kenyans will kill this biz.

You're lending to the same guys who switch off phones when some unexpected MPesa hits their accounts.
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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mawinder
#64 Posted : Thursday, June 14, 2018 9:26:12 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Lolest! wrote:
From the default reports, it seems the dishonesty of Kenyans will kill this biz.

You're lending to the same guys who switch off phones when some unexpected MPesa hits their accounts.

Out of Shs.50k default ni Shs 6k..Can't complain..
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Wororo
#65 Posted : Thursday, June 14, 2018 9:41:45 AM
Rank: Member

Joined: 1/30/2011
Posts: 207
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Stiffler
#66 Posted : Thursday, June 14, 2018 11:52:37 PM
Rank: Member

Joined: 11/7/2017
Posts: 186
Location: Nairobi
mawinder wrote:
Lolest! wrote:
From the default reports, it seems the dishonesty of Kenyans will kill this biz.

You're lending to the same guys who switch off phones when some unexpected MPesa hits their accounts.

Out of Shs.50k default ni Shs 6k..Can't complain..


Out of 5K, my default stands at 5k...!
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Cornelius Vanderbiltt
#67 Posted : Friday, June 15, 2018 9:39:00 AM
Rank: New-farer

Joined: 6/8/2018
Posts: 35
mawinder wrote:
Lolest! wrote:
From the default reports, it seems the dishonesty of Kenyans will kill this biz.

You're lending to the same guys who switch off phones when some unexpected MPesa hits their accounts.

Out of Shs.50k default ni Shs 6k..Can't complain..


this is the silliest reasoning have ever seen in a while.the report that being referenced is an agreegate of ALL the ubapesa accounts and the defaults a high then you come here and say your one account is doing well hence no need to worry? are you insane.this is real money we are dealing with here.and this is how ponzi schemes run away with billion because of small thinking mentality like this.
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obiero
#68 Posted : Friday, June 15, 2018 9:44:48 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
holycow wrote:
I've also had two defaults. I'm lending maximum of 500/=.

Know your customer. Never ever lend funds to an unknown entity

KQ ABP 4.26
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mawinder
#69 Posted : Friday, June 15, 2018 11:18:54 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Cornelius Vanderbiltt wrote:
mawinder wrote:
Lolest! wrote:
From the default reports, it seems the dishonesty of Kenyans will kill this biz.

You're lending to the same guys who switch off phones when some unexpected MPesa hits their accounts.

Out of Shs.50k default ni Shs 6k..Can't complain..


this is the silliest reasoning have ever seen in a while.the report that being referenced is an agreegate of ALL the ubapesa accounts and the defaults a high then you come here and say your one account is doing well hence no need to worry? are you insane.this is real money we are dealing with here.and this is how ponzi schemes run away with billion because of small thinking mentality like this.

Have Ubapesa shared their default report here or has anyone shared it ? I await your wise answer
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yosie14
#70 Posted : Sunday, July 08, 2018 4:17:04 PM
Rank: Member

Joined: 12/17/2013
Posts: 118
Ubapesa claim they have a 60 day money back guarantee. Has anyone had his default covered by this after 60 days?
KCB,NMG,PAFR
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