by logos » Wed Oct 24, 2018 2:25 pm
I've financed a couple of ventures as well, but I know the partners very well and have access to the books and could pull the plug if necessary
- one 2nd hand car import business. We had just gotten started with 2 cars sold and another 3 in the pipeline. Collaborating with a local garage to fix them up and split the margin. Gross margin around 2k/car after repairs. But the recent hike in import duties put that business on hold.
- Korean cosmetics imports, sold in bulk on FB. Stopped after 3 months as it was too time consuming and not worth the hassle despite hefty margins.
- a micro finance business for loans of 500 to 10k. Properly registered and accredited. Started about 15 months ago and doing very well. All loans secured by titles on local assets. So far self-funded but we could use more capital, so looking for passive investors seeking a return of 9% nett in USD.
I've financed a couple of ventures as well, but I know the partners very well and have access to the books and could pull the plug if necessary
- one 2nd hand car import business. We had just gotten started with 2 cars sold and another 3 in the pipeline. Collaborating with a local garage to fix them up and split the margin. Gross margin around 2k/car after repairs. But the recent hike in import duties put that business on hold.
- Korean cosmetics imports, sold in bulk on FB. Stopped after 3 months as it was too time consuming and not worth the hassle despite hefty margins.
- a micro finance business for loans of 500 to 10k. Properly registered and accredited. Started about 15 months ago and doing very well. All loans secured by titles on local assets. So far self-funded but we could use more capital, so looking for passive investors seeking a return of 9% nett in USD.