LENDING BUSINESS PART 2

[anniegurl]

very risky talaga tong business na to. ive been doing this with my hubby for awhile na rin. it needs trust, patience and alot of funds. And usually the people that will skip payments are your friends. so if youre lending to a friend consider it lost hehe

[homefinder.ph]

ako dito lang ako nagpapa lending sa office 4% lang ginawa ko interest at ang binibigyan ko lang yung mga officemate ko na magaling magbayad yung di na sinisingil nagkukusa na lang maghulog kada sahod so far ok naman lahat wala naging problema : )

[IamJackie]

meron pa po ba ito?

[Vera]

How about if they issue PDCs?

[anniegurl]

actually pdcs will work if you know the person kasi even if they issue pdcs and wala pondo wala ka rin magagawa unless u file for a case.

[Ma.Jewel_1987]

Siguro mas okay sis if may porsyento din sya para forever motivated.

[kaoru_himura]

Hi, share ko lang yung lending business namin mag-asawa.

We also work at a BPO nagkataon same company tapos HR pa kami pareho, si hubby payroll supervisor.

We started last year I think, 150k yung puhunan namin. Masyadong malaki I know pero yung 50k sa palengke naloko agad kami, inabot na nga isang taon mahigit yung loan hindi pa nababayaran ng buo, at nagkabarangayan pa, so from then on, hindi na kami nagpautang outside the office.

Yung 100k naman namin from last year 200k na ngayon, although pag nagpapaloan kami sa mga officemates is 3% lang pag 9k and below, at 5% per month 10k and above. Hindi na namin kinukuha ang ATM dahil nga Payroll supervisor si hubby so pag nagresign sila siya nag magpoprocess ng backpay nila at habang nandito sila, sweldo. Pero hindi kami mahigpit, nagstart lang talaga kami as help nagkataong andaming nangailangan kaya 100k yung nailabas namin agad dito sa office pero x2 na in 1 year, hindi na masama. At mababait naman mga employees namen sila sila rin yung mga nangungutang at masipag naman magbayad.

I guess, dapat talaga medyo may control over ka dun sa pinapautang mo para may element din ng takot. Pag kapitbahay, or acquaintance lang nagiging mahirap ang paniningil.

Minsan naman okay pag may collateral, like sa yo muna tong certain gamit/gadget hanggang hindi nila nababayaran ng buo yung utang.

Basta, always be alert, know your customer wag basta magtitiwala at liitan lang din yung tubo para parang tulong lang at sempre tatanaw ng utang na loob si lendee.

[immy]

I have a small lending business and so far, it's doing good. Okay na sana but this co worker approached me earlier para sabihin na I should stop this business because it is against the Bible. She is a friend and I know that her intentions are good pero na sad and nalito nanaman ako. I am enjoying the business and maganda talaga ang balik kaso when she mentioned about the Bible and karma.. haaay parang I want to stop na tuloy. What do you think sisses? Totoo ba yung karma sa ganitong business? Dba parang mall and any other store or business lang naman 'to na pinapatungan mo para kumita ka? 

[Cheesecak3]

^I am not against with this type of business kasi marami din namang natutulungan basta tama lang ang tubo. About sa karma, siguro nasa sayo naman talaga yan, wala naman yan sa type of business na pinasok mo. Kung alam mo naman na wala kang inaapakang tao, ituloy mo lang ang business mo.

[lulai]

i'm into lending business as well actually nag share kame ng mga friends para magstart dito as our passive income, ok naman etong business na eto but risky talaga. un mga pinapahiram lang namin is mostly mga officemate, 3-6% lang un add on interest namen dahil ayaw naman namin mabaon sa utang un mga nanghihiram, tapus pag maaga nagbayad si customer inaalisan na din namin ng interest un remaining months (e.g. un terms of payment nia is 4 months pero pag babayaran na nia un utang nia dun sa ika 2nd month inaalis na namen un interests for 3rd & 4th month un principal na lang un pinapabayaran namin), natutuwa naman sila kaya pag nangailangan uli sila balik lang sila samin. normally din un mga returning good payer lang un binibigyan namin uli, pag naging client ka namin tapus mahirap ka singilin hindi ka na makakaulit. tama din un mga advise ng ibang mga sissies dito huwag mag pautang sa primary circle which is relatives and close friends, para wala kang emotional stress.

actually nabanggit din samin ng isang officemate na may karma nga daw un lending business, pero pag sinasabe namen samen nun napahiram namen kun ganu sila ka thankful since hindi nila alam kun kanino lalapit (lalo at badly needed talaga for emergency), tapus un iba naman kaya samen nanghihiram kc mas maliit nga daw un interest kumpara kung sa bank or credit card hihiram..kapag nakakarinig kami ng ganyan naisip namen nakakatulong din namin kami, kahit paanu bawas kunsensha na din.

[itsmarie07]

I wanted to invest my savings on lending, kaya lang im not sure kung ano mas better.
Is it 5% non diminishing or 10% diminishing? Or is it too much? TIA

[lulai]

^sis it really depends on what you think is fair and best for you and your clients. better then to assess un risk probability based on your possible customer.
kc kami bago nag start sa lending eto un mga diniscuss namin:

1. our objective for starting this business - do we have the same directions ba kahit na iba iba kami ng reason for this buss.

2. how much capital are we going to share each and how much of this capital are we capable of risking - included din jan un possible additional, since we are anticipating na magkakaroon kami ng additional customer and withdrawal in case na kami naman un mangailangan ng emergency fund

3. add on interest - computation of interest and sharing of capital/profits and assessing of risk and justifying fair int rate to be imposed as well us sharing of loss.

4. how we will record un aming sales -  me and my friend did an excel file for this

5. what are docs/collateral are we going to get to customer - so far we only use promissory note and some of our customer issue pdcs.

6. collection and recording - who is going to remind our customer for payment due <in case na hindi nila maalala na due date na nila> and who's going to record it dun sa file namen.

all in all yan un mga pinag usapan namen 

[lulai]

^
sis, talk to your friend tell her na gusto mu din mag lending business and let her understand na u don't want to compete naman with her, since bestfriend mu naman sha i know maiintindihan ka niya  ...pede kaung mag partner ng friend mu kun ok lang sa kania - actually ganyan un ginawa namen or un mga client na hindi na niya ma accommodate baka pedeng ikaw na lang un mag pa lend.

[mommy gwen]

nag ganito ko tapos sandali lang. gusto ko sana ulet 

[Cheesecak3]

I started this business 2 months ago and so far ok naman. 5% lang ang interest ko. Mapili lang talaga ako sa rereleasan namin.

[rasee16]

Hello mga sis.. I'm not really into lending business. actually takot talaga ako magpautang kasi it's very risky. but this morning, i have a friend (di kami close) na nanghihiram ng 25k. Ang laki nun para sakin at nakakatakot na i-let go. Kailangang kailangan lang daw nya kasi husband nya lang ang nagttrabaho at allowance lang ang nakukuha from being a real estate agent.

I was asking for a collateral like a laptop, a tablet or a celphone kaso wala raw syang maibibigay. Hinihingan ko rin ng PDC pero wala rin daw silang checking account. But she's willing to give me the atm of her husband and papers ng bahay nya. I don't know what to do since I'm not in the lending business naman at hindi malakas ang loob ko sa ganito. Help naman mga sis..

[SOFIEMAE]

risky tapos hindi mo pa siya close friend pero sis kung tiwala ka naman sa kanya, alam mo permanent address niya at badly need niya talaga ang money... why not coconut give her a chance, kung kaya mo naman siya pahiramin at medyo nakakaluwag ka... basta dapat may black and white at due date kung kelan niya dapat ibalik... as long as alam mo magbabayad siya go go go... 

[rasee16]

^yes, hindi ko sya close. although sabi naman ng iba dito sa thread wag magpahiram kung ka-close haha.. I don't know her address. facebook at cel number lang ang alam ko sa kanya. anyway, sabi ko tulungan ko nalang sya maghanap ng nasa lending business talaga. although ini-insist nya na sana sa akin nalang kasi baka pahirapan pa raw sila. baka may mga experts dito na interested on how to deal with this pwede ko bigay number nya sa inyo.

[Ma.Jewel_1987]

^ naku kung ako sayo sis wag na lang sa bank kamo sya maglend.

Mga sisses question, I'm planning sana to level up my business, paanu kaya ang process if makikipag tie up ako sa hr namin and try magpalend sa mga employees dito ? Mga magkano kaya din need na capital?

[cutemama]

Nag lending business din ako before.. kasi gusto ko umiikot ang pera. Sa office lang namin. Pero tinigil ko na kasi nababagalan and naliliitan ako sa kita. 4% interest lang kasi tubo. For example utang sila ng 5,000 250 lang kita ko dun for 1 month.. eh nag try ako mag online busness yung capital ko na 5k in a month ang kita 5,000 din. Kaya selling na lang ako kesa sa lending. Tska nakakatakot din ganito business sa office namin dami na rin nagstop kasi natatakbuhan sila.