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Purpose of the Campaign

The Company is seeking funding to to purchase dried food product supplies to meet the demands of Chinese New Year. As demand for dried food products will usually peak in the months prior to Chinese New Year, this period is when shops start stocking up to prepare for Chinese New Year Shopping.

Typically it takes 5 weeks for goods to reach Singapore from China, and shops usually purchase supplies 6 weeks prior to Chinese New Year in order to ensure ample time for stocking supplies.

 

About the Issuer

The Company is primarily a distributor of dried food products, such as birds' nest and wild mushrooms. Food products are imported in bulk from China to gain cost advantage and stored in the warehouse in Singapore so that they will always have ready supply to meet demands of customers. The goods are then distributed either directly to consumers via an online platform or through other distributors. 

 

 

 

Issuer Summary

Date of Listing:
October 13, 2016
Amount:
S$50,000
Tenor:
12 months
Repayment Type:
Equal Instalment
Repayment Term:
Monthly
Target Interest Rate:
18.00% p.a.
Purpose:
New Project / Business Opportunity

Funding Summary

Percentage Funded:
100.0%
Total Amount of Eligible Offers:
S$50,000
Number of Unique Investors:
13
Range of Offers:
S$1,000 ~ S$5,000
Note Rate:
18.00% pa
Number of Allocated Investor(s):
13
Highest Rate From Eligible Offer(s):
18.00%
Lowest Rate From Eligible Offer(s):
18.00%
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