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Purpose of Campaign

The purpose of the loan is to procure more raw materials from their suppliers, as they’ve secured and taken on more construction projects this year. 

Even while the company has taken on more projects in this year, it’s ARDOH in 2015 has increased to 113 days, a sharp increase from 27 days in 2014, as its clients had been affected by the economic slump, and thus the receivables collections were slowed. The Director had self-funded up to $430,000 for operational purposes (Salary, CPF, Levy, Rental and servicing of loan repayments for business loan and hire purchase loan.) 

About the Issuer

The Company is a subcontractor in the glass manufacturing industry. While it’s primary source of revenue comes from the manufacture of glass, it also provides glass installation services for the residential and commercial sectors.

 

Issuer Summary

Date of Listing:
June 16, 2016
Amount:
S$100,000
Tenor:
12 months
Repayment Type:
Equal Instalment
Repayment Term:
Monthly
Target Interest Rate:
18.00% p.a.
Purpose:
Working Capital

Funding Summary

Percentage Funded:
100.0%
Total Amount of Eligible Offers:
S$100,000
Number of Unique Investors:
42
Range of Offers:
S$1,000 ~ S$20,000
Note Rate:
18.00% pa
Number of Allocated Investor(s):
42
Highest Rate From Eligible Offer(s):
18.00%
Lowest Rate From Eligible Offer(s):
18.00%
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