Life Skrewd-up with 5-6 Business

[SEED OF LIBER]

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lot of idle talk ive heard.,their life skrewd-up with this kind of Business... why ?



Maayo kaha ni nga Business sodlan... Naay cege sol-sol nako gud nindot kono ni !


Mane-ed pa ceguro ko ani .. paminawn lang .

[pareko89]

I do get the feeling that it is true, while some of these loan sharks get wealthy, so do some serious type of illness just hit them. I got a co-worker before that is in this business, first there appeared some small itchy bumps on her feet and then it became worse not long after that the doctor had to have it amputated, she's not even diabetic or something.

I could remember when I was just in elementary, we had this couple who rented an old house of ours before. 5-6 sad to ila business. Their financial status really alleviated due to this coz there were a lot of factory workers just accross the street who became their clients. Just 2 years after the couples died one after another leaving their kids orphaned. Tsk, tsk, tsk. Mura man jud ni curse bay. These are just two cases among many that I know of.

[freesoulyra]

Kung gnahan jud ka mosulod ani na biz dapat mo secure ka ug permit and pay taxes sa government and your interest rate should not go beyond 10% per month na mandated sa balaod. this kind of business is same ra gihapon sa other kind of business wla lang ta maanad ang food biz man gne moabot ug 100% mark up , basta kablo lang ka modala sa imo gipautangan sad na dili nmo cla piiton ug maau.

[jojo_mouth]

bro 5-6 business is angay gyud na "gabaan". 5-6 business refers to 20% interest per month. mao na ang 5 na utang mahimong 6, or 20% interest..

I think ang mandated sa governement is only maximum of 7 persent per month.

[freesoulyra]

bro not 7% it's 10% per month...mao na mo ingon ta gabaan if n ana kadako imo patong then wla ka ga byad sa government...isa pa ang importante lang dili ni piiton ug maau ang mga borrowers nimo kay imbis tabangan nimo sila tabangan nimo sila ug doot. mao ako advise sa kato mo sulod ug money lending na biz kuhai ninyo permit to formalized the biz .

[jojo_mouth]

ok i dont know karun if 10 0r 7 percent, but before 7 percent ra na siya.. my dad use to operate a ligit lending before and 7 percent max ra.

[blimpz]

as what i've heard mka gaba knu na xa ai...then ingon cla ky masakit daw ka nga walay buthanan or alay kaayuhan...

[freesoulyra]

actually I have legitimate lending company with SEC permit thats why niingon ko nimo na 10% sa cya per month dili mo exceed but also in my company we only give 8% per month and pay all government taxes....kana gaba ang giingon sa mga tao na nga ganahan mangutang but dili gusto mobyad ug interest...but If you have to see some other biz u can even see that 100% mark up pa.

If you want to do business go for it as long as equip ka with full knowledge sa business and you have right collectors but if u have to do it in your own risky cya kaau.

[miyay]

patay, makagaba diay ni? 3% per mo ra man sad ako charge and sa ako ra sad mga officemates na naay business. husto ka freesoulyra, kaning mga businesspeople nako na officemates mo mark up sa ila merchandise og more than 30%, la man lagi sila gabaan.

[pogy_uy]

Maka gaba raman ni cya only if the lender doesnt share his profits to the needy in a way of tithing.

And by the way, wala namay 20% interest run (correct me if i'm wrong), 5-6 has already become synonymous to micro lending with rates from 5 - 10%.