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April 02, 2014, 02:39:58 PM |
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You might have browsed my other thread "Micro Loans/No Collateral". I'm looking to increase my operation and loan size to a more profitable scale, and in order to do this I need some capital. I'm looking for a long-term loan of 1 BTC to issue larger loans to reputable forum users. All borrowers undergo a credit check that involves evaluation of all posts, and must report what they plan on doing with the loan, how they plan on repaying, etc.
My micro loans sometimes end up in gambler's hands. I will NEVER lend borrowed capital to gamblers, suspected gamblers, etc. I will NEVER lend over $20 worth of BTC to known gamblers. A loan of .1 BTC or greater is considered a "large" loan. Interest will be charged on a sliding scale, and duration of loan will be determined by the borrower, not to exceed 30 calendar days.
If you lend me 1 BTC, you can expect repayment within 3 months at 100% APR which equates to 1.25 BTC (check my math). I can provide proof-of-income if need be. I keep detailed excel sheets of loans, wallets, and the like. I will be 100% transparent with the lender and all business will be done in public on a thread. I currently own .3 BTC in capital i'm using for my micro-loans. Please post with inquiries.
Thank you as always!
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