Bitcoin Forum

I have been doing business with Tenakha now for the last few months and he has kindly invested £600 into my business.
I will be repaying this over 25 weeks @ £24 per week and update this thread accordingly.
Thanks again for all the help Tenakha it is really appreciated - dealing with you is always a pleasure.

Has been a pleasure to work with Projects.

This is to confirm that he now has a new loan of £600.00 which will be paid off at £24.00 per week.

This thread will be updated to record incoming payments and outstanding.

Note: I am not charging interest on this loan. It is a profit share loan. So if he makes no profit then only the principal is to be repaid.
Also there are no late fees. I can be flexible on payment terms.
From past experience Projects has always paid on time or before time.

Wishing you success in your business!

Why is a Euro dollar loan being conducted here? This is the Bitcoin Forums
You may be doing the loan with bitcoins, But your using the Euro dollar as the fluctuating value?

Am I missing something here?

Yes that is right - some of the loan was paid in bitcoins, some in £, also sometimes I make repayments with Bitcoin, sometimes with £ depends on what I have at the time.
This thread is to keep track of payments and repayment history for rep purposes also.

Payment 1 of 25 Sent.

£24 paid - £576 outstanding.

Payment 1 received on time.
Thank you Projects.

Payment 2 of 25 Sent

£48 paid - £552 outstanding.

Payment 2 received. Thank you Projects.

Payment 3 of 25 Sent

£72 Paid - £528 outstanding

Payment 3 received on time. Thanks Projects.!

Tenakha has kindly agreed to invest £200 more with 10% gratuity if I make a profit.
Since I have always operated making a profit since I started I am going to include the profit into the weekly payments, if by some miracle happens and I do not make a profit overall I will take it off the end of the payments but I really do not see that happening.

New Total Outstanding = £748
New Weekly Payments = £34 - to keep within the same timeframe so it does not extend the duration.

I have also just made payment #4 early

So £106 paid - £714 outstanding.

Thanks again T!

This thread is going to be epic.

Can confirm - payment #4 has been received.
Thank you Projects ... all the best in your endaevours. :-)

Just paid next weeks payment a week early as I do not know what my schedule will be like next week.
So payment 5/25 made.

Next due date 7th Jan 2013

Payment 5 paid early. Thank you Projects. :-)
All the best for Christmas.

I am working with Tenakha to get this repaid in full before the end of January as that works good for us both.
I have just sent 1/4 of the outstanding balance (£170) and the remainder within the next few weeks but should be no later than the end of Jan.
So now £510 is outstanding

Can confirm that £170 has been paid. 25% of debt (as of 6/1/13) has been repaid.
Thank you Projects. All the best.

Just paid a further £60 so £450 is outstanding.

Con confirm another £60.00 has been paid by Projects.
Thank you for prompt and timely payment as always. :-)

Just repaid a further £50 - now £400 outstanding - trying to repay this before the end of Jan seemed too ambitious but as agreed by pm I will continue this and clear it before the end of Feb - which is still a few months earlier than the original agreement.

Thanks again

£75 more repaid - balance now stands at £325

50GBP (last week) and 75GBP (this week) received from Projects.
As usual - on time, no fuss, no problem!

Thank you Projects. All the best in your ventures! :-)

£25 more repaid today - balance outstanding is now £300

Paid another £25 today - £275 now due.

Have received 2 lots of £25.00 from Projects - as agreed. All on time. No fuss, no problems.
Thank you Projects!

Just paid another £75 - only £200 due now.

Just repaid this now in full.
I would like to say thank you Tenakha for all your help over the last 6 months - you were one of the first people to give me a chance and lend to me and you really helped to get my business off the ground.
Lots of people doubted me on this forum but I continue to (and will continue to) prove them wrong.
I hope we will do more business in the future as this has been nothing but a positive experience for me.

Kind Regards,
Projects

This is what reality is all about

Just to confirm,

Projects has fully paid off the loan made to him.

He consistently made repayments on or before time.

I was also given a very reasonable return on the loan.

The loan was made on a 0% interest basis - but where I was paid a percentage of profits made.

I wish Projects all the best in his future projects, and can only say it was a pleasure to be able to help kickstart what he is doing now.

All round top-bloke. Hope to do business with him again soon.

This is how loans are SUPPOSED to go.

Kudos!