11/26/08

Small Business

When I started a small business, There are Indian men came to my variety store offering me to make loan from them. it is the same like an unsecured loan , no need of collateral, or any documents needed as long as they see you have already opened and started already the business . It is 2o% interest payable in 30 days. Pay them by installment everyday until it is fully paid on the 30th day.I thank God I have my own capital and not tempted to borrow money from them. . I think if you borrow a capital from them for your business , it is the same like you borrowed a rock and hit to your own head.

7 comments:

private said...

i like business, n milarder...oke thnk your info

Carnation said...

that is true, they seem to be a great help but once you are in, you are in deep ...

Borneo Falcon said...

Here we called the "Ah Long" a.k.a. illegal money lender

Tey said...

hahahah, indians business truly rocks..lols..Well its up to anyone to take it or leave it..
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the donG said...

i agree. but still many of our kababayans still borrow money from them because of the easy approval not really knowing how much money is lost.

Lawstude said...

that's true nay. yan ang tinatawag na five six.

don_Ser said...

fixe six??? haha