Mobile saving plan

Abraham Were

Nairobi, Kenya

100% repaid



Abraham Were

Member since

September 2016

On-time repayments

50 installments  •  54%

About Me

I'm an accountant by training with considerable working experience in export, insurance and real estate development sectors. I'm currently engaged in a venture capital raising strategy in the emerging and now fairly advanced financial markets. So far I've gained substantial experience on new demand for merchandise, aquaculture, agricultural and horticultural produce in emerging markets in the Far Eastern countries.

My Business

My income consists of an employment salary as well as sale proceeds, interest, dividends and bonuses from diverse investment in listed stocks and financial instruments, with a desire of achieving an investment portfolio substantial enough to both raise venture capital as well as be able to secure credit for a business enterprise to be set up.

Loan Proposal

Invest in a mobile saving plan with Old Mutual. This is a product with a low minimum instalment of Kshs
500 and interest of 5%. The mode of remittance is entirely by cellphone
which is quit#

I would invest it in a saving plan with Old Mutual Investment Fund. The mode of remittance is entirely by cellphone and the minimum instalnent is Kshs. 500 which is quite cheap as the only cost incurred is the transaction fee.
The return is a mont interest of 5.3% and progresses to 7% on a graduating scale.






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Jan 27, 2017

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $0.26



Chris Jones

Seattle, United States

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