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Purpose of Campaign

1. Working capital to fund new business expansion;

2. Two new outlets opening in April and August, one of which is situated at ION Orchard.

 

About the Issuer

This entrepreneur has been in the IT industry for several years, he found his true calling in the F & B industry. As with any entrepreneur, he started small. This, however, did not prevent him from dreaming big. He was ambitious, continuously looking for inspiration and ideas. Years later, he noticed a rising trend among the youth, something widely known as K-Pop. 

He then turned to his wife who is a strong and talented woman. She supports her husband’s aspirations and admires his abilities. Being Korean, she is knowledgeable about the ingredients and cooking techniques that make for perfect Korean dishes. She knew that she could greatly contribute to her husband's newest venture.

In 2008, this couple decided to bring their passions together for an exciting project. His entrepreneurial skills combined with her cultural background gave birth to the fresh and dynamic Korean restaurant.

Since its establishment, the Company has catered to thousands of local and foreign customers. Located in popular locations throughout Singapore, it has provided customers with delicious Korean food, exceptional service, and an overall great time.   

 

Issuer Summary

Date of Listing:
March 23, 2015
Amount:
S$200,000
Tenor:
12 months
Repayment Type:
Equal Instalment
Repayment Term:
Monthly
Target Interest Rate:
10.00% p.a.
Purpose:
Business Expansion / Growth Capital

Funding Summary

Percentage Funded:
151.0%
Total Amount of Eligible Offers:
S$302,000
(Oversubscribed)
Number of Unique Investors:
60
Target Reached:
15 days
Range of Offers:
S$1,000 ~ S$50,000
Note Rate:
9.15% pa
Number of Allocated Investor(s):
34
Highest Rate From Eligible Offer(s):
10.00%
Lowest Rate From Eligible Offer(s):
6.00%
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