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A good shylock
eli
#11 Posted : Monday, May 25, 2009 3:30:00 PM
Rank: Member

Joined: 6/17/2008
Posts: 294
Not robbery,its called shylock. Now imagine 10K in two weeks. That is 10% in two weeks. If the friend was to be consistent then it would be 20% in 1 month,that translates to 240% in a year.

Now,tell me,Kenyanboy,is this what you want. The risk of loosing your assets to shylocks?

But you shall remember the LORD your God,for it is He who is giving you power to make wealth,that He may confirm His covenant which He swore to your fathers,as it is this day. Deu 8:18
doh
#12 Posted : Tuesday, May 26, 2009 6:30:00 AM
Rank: Member

Joined: 4/15/2008
Posts: 58
I have dealt with proffessional 'shylocks' what u can call MFI. They are transacting clean biz. The issue is ability to pay. I have used them for the last 3 years. Most of them are run by former bankers.Not the usual quakes guys are talking about here. Only that their rates range from 15%-25% pm.

info is money
Silk
#13 Posted : Tuesday, May 26, 2009 6:49:00 AM
Rank: Member

Joined: 8/25/2008
Posts: 144
@ ali,for your info,this is not a business i run. It was a very particular case. Wish you knew how much my friend was making with my 100k. This was a guy who had previously refused a joint venture with me so why spare him or take any risks? I was just out to genuinely help.

Life is too short.
wa P
#14 Posted : Tuesday, May 26, 2009 10:23:00 AM
Rank: Member

Joined: 5/26/2009
Posts: 326
Location: Nairobi
why demonize shylock business? those guys serve an existing need.
By the way am establishing a shylocking buz somewhere downtown...watch this space.

If it looks clean,it keeps your pockets clean. I mean,look at the soil...
kenyanboy
#15 Posted : Tuesday, May 26, 2009 3:10:00 PM
Rank: Member

Joined: 1/6/2007
Posts: 17
Thanks all for your responses. I have asked a few of those who advertise on the paper but they have terms which I'm not comfortable with. I have a Peugeot 307 whose log book I can put up as security. I want to borrow the 100K for 1 month and I would be willing to pay 10% interest. I'm trying to get the cash through other means,but I'm prepared to use a shylock as a last resort.
eli
#16 Posted : Tuesday, May 26, 2009 4:11:00 PM
Rank: Member

Joined: 6/17/2008
Posts: 294
Am tempted to help you! Am getting some cash tommorrow ( cheque) from my broker! I am really tempted to bail you out. Really tempted........Oh,help me resist the temptation!

But you shall remember the LORD your God,for it is He who is giving you power to make wealth,that He may confirm His covenant which He swore to your fathers,as it is this day. Deu 8:18
kenyanboy
#17 Posted : Wednesday, May 27, 2009 3:33:00 PM
Rank: Member

Joined: 1/6/2007
Posts: 17
@eli

Thanks,lakini nimefaulu kwingine. I'll keep you in mind next time though.
eli
#18 Posted : Wednesday, May 27, 2009 8:06:00 PM
Rank: Member

Joined: 6/17/2008
Posts: 294
Welcome bro!

But you shall remember the LORD your God,for it is He who is giving you power to make wealth,that He may confirm His covenant which He swore to your fathers,as it is this day. Deu 8:18
Djinn
#19 Posted : Friday, May 29, 2009 7:56:00 AM
Rank: Elder

Joined: 11/13/2008
Posts: 1,565
Kenyanboy,you can easily find a good shylock - just check next to the honest politician,who might be standing next to the affordable lawyer,in case you can't make them out,they are the two people watching a unicorn and flying pig...

The problem with equality is that we desire that it be with those that have more than us rather that those that have less
Robinhood
#20 Posted : Thursday, June 04, 2009 5:54:00 AM
Rank: Elder

Joined: 12/11/2008
Posts: 2,306
guys,need some cash urgently. Eli and co,please talk to me robin.hoodkenya at gmail dot com

God is good
Great men are not always wise, neither do the aged understand judgement...
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