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I am wishing you well on this new endeavor. Lending is actually one of the most viable business especially here in the Philippines. And I always admire those who are lending mostly based on reputation though on bigger loan amounts there must really be some collateral attached to minimized the risks involved. I am sure you can find many customers here in this forum and if you can be successful here then expand the business to the outside world. Good luck and more power to you.
Thank you, hope I'll be successful
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Hi Mate, I just want to ask, for I'm just a newbie in terms of these things. Though I'm your fellow countryman, what should I choose for the collateral of my loan?
Any Ideas? For I will try your offer when I run out of choices regarding my payments in school. Or any other emergency cases. And also how much will be the interest? For my worst case the amount that I will borrow is Php3,000, and that would be it no more no less.
If you have an altcoins it's a good collateral but make sure it's not a shit coin, meaning it traded in exchanges where liquidity is good.
Usually I don't dictate the interest, I just want to follow the standard here, borrower will set the interest and the period of the loan during the application, and it's up to me to approve it or not. Just a little hint, since we are in the crypto world, this is considered a high risk loan (for non collateralize loan), so interest should be higher, 10 - 20% is my range but subject to change of course.
Goodluck sa negosyo OP. Ayun nga lang, puros kalokohan mga replies sa post mo.
Loloan sila pero walang balak ibigay na collateral. hahaha. Sana siguro nag self-moderated thread ka nalang OP. Hassle nyang angdaming spam offers.
Thanks bro, that's alright, if they will spam it's their choice but they have to face the consequences for violating the forum rules.
I can't control them, I just want to follow zazarb's thread that is not self moderated because I believe it's more transparent, correct me if I'm wrong.
Also, in my lending terms, I mentioned that all are welcome to apply.
Mate, if ever I need to loan in the future am I qualified? or I mean if I use this account as collateral magkano pwedi ko ma loan?
Based sa responses ni OP sa thread niya, di ata siya tumatanggap ng account collateral.
Indeed, though not against the forum rules if I owned the account when loan is default but it's tantamount to buying of account which is discourage in the forum. As much as possible, I like to start from the scratch building my trust here because I'm serious with my lending venture.
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Ang ganda ng naisip mo kabayan, goodluck sayo sa ganyang business mo since maayos naman yung pamamalakad mo at di basta basta mkakatakbo yung mag loloan panigurado magiging maganda outcome nyan pero ingat pa din dahil loan yan conduct ka na lang ng mabigat na investigation sa mga magiging future client mo.
Thank you for your advise. In case you need a loan, you can apply, I will approve your even without collateral since you are in a long term campaign and that showed you have the capacity to pay. Feel free... -my possible first client -