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Author Topic: £600 Loan From Tenakha  (Read 2179 times)
Projects (OP)
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November 26, 2012, 04:08:41 PM
Last edit: December 22, 2012, 10:27:38 PM by Projects
 #1

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.

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tenakha
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November 28, 2012, 12:55:10 PM
 #2

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!
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November 28, 2012, 01:31:40 PM
 #3

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?

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Projects (OP)
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November 28, 2012, 09:28:29 PM
 #4

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.

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December 02, 2012, 10:19:44 PM
 #5

Payment 1 of 25 Sent.

£24 paid - £576 outstanding.

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December 03, 2012, 12:08:08 PM
 #6

Payment 1 received on time.
Thank you Projects.
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December 10, 2012, 11:11:10 AM
 #7

Payment 2 of 25 Sent

£48 paid - £552 outstanding.

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December 10, 2012, 01:47:35 PM
 #8

Payment 2 received. Thank you Projects.
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December 17, 2012, 05:50:56 PM
 #9

Payment 3 of 25 Sent

£72 Paid - £528 outstanding

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December 19, 2012, 03:25:09 PM
 #10

Payment 3 received on time. Thanks Projects.!
Projects (OP)
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December 22, 2012, 10:30:02 PM
Last edit: December 22, 2012, 11:19:30 PM by Projects
 #11

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!

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December 23, 2012, 07:57:07 PM
 #12

This thread is going to be epic.
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December 24, 2012, 09:51:44 AM
 #13

Can confirm - payment #4 has been received.
Thank you Projects ... all the best in your endaevours. :-)
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December 24, 2012, 10:43:48 AM
 #14

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

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December 25, 2012, 04:07:48 PM
 #15

Payment 5 paid early. Thank you Projects. :-)
All the best for Christmas.
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January 06, 2013, 03:13:03 PM
 #16

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

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January 07, 2013, 02:50:12 PM
 #17

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.
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January 12, 2013, 02:56:09 PM
 #18

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

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January 14, 2013, 10:06:53 AM
 #19

Con confirm another £60.00 has been paid by Projects.
Thank you for prompt and timely payment as always. :-)
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January 17, 2013, 06:41:05 PM
Last edit: January 17, 2013, 08:04:28 PM by Projects
 #20

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

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January 26, 2013, 11:05:38 PM
 #21

£75 more repaid - balance now stands at £325

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January 28, 2013, 09:16:11 AM
 #22

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! :-)
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February 02, 2013, 04:16:05 PM
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£25 more repaid today - balance outstanding is now £300

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February 11, 2013, 11:51:51 AM
 #24

Paid another £25 today - £275 now due.

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February 11, 2013, 12:32:39 PM
 #25

Have received 2 lots of £25.00 from Projects - as agreed. All on time. No fuss, no problems.
Thank you Projects!
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February 15, 2013, 01:25:18 AM
 #26

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

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February 16, 2013, 09:50:26 AM
 #27

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

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February 16, 2013, 01:26:50 PM
 #28

This is what reality is all about
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February 27, 2013, 03:34:53 PM
 #29

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.
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February 27, 2013, 03:57:17 PM
 #30

This is what reality is all about

This is how loans are SUPPOSED to go.

Kudos!

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

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