£600 Loan From Tenakha

[Projects]

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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[1714289478]

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[tenakha]

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!

[Fiyasko]

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?

[Projects]

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.

[Projects]

Payment 1 of 25 Sent.

£24 paid - £576 outstanding.

[tenakha]

Payment 1 received on time.
Thank you Projects.

[Projects]

Payment 2 of 25 Sent

£48 paid - £552 outstanding.

[tenakha]

Payment 2 received. Thank you Projects.

[Projects]

Payment 3 of 25 Sent

£72 Paid - £528 outstanding

[tenakha]

Payment 3 received on time. Thanks Projects.!

[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!

[smracer]

This thread is going to be epic.

[tenakha]

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

[Projects]

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

[tenakha]

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

[Projects]

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

[tenakha]

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.

[Projects]

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

[tenakha]

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

[Projects]

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