I need your advice...

[sc041997]

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I am planning to loan for an interest of 5% per month from our coop to venture into sarisari store business. Okey ra kaha ni?

[jabez_rmc]

suggestions:

1. try checking if you sari2x store earns more than the interest expense
2. my opinion 5% interest x 12= 60% whew thats pretty big ra bai...try go to other COOP and check their interest rates...
3. bai...suppose to be purpose sa coop kai para ma ka loan ka at lesser interest rate..hmmm weird lagi na inyo k mahal au..

[ysamigs]

daku kau imo per annum ana bro...try nlang sa banks or sa financing company,, naa ray mga 18% per annum..

[sc041997]

3. bai...suppose to be purpose sa coop kai para ma ka loan ka at lesser interest rate..hmmm weird lagi na inyo k mahal au..

sa amo rani mga employees gd....kami ra pd mag share ani at the end of the year...f dili ko mo loan kay gmay rman akong ma share sa interest....try lng tingale ko ug lain nga investment bsn ang sarisari store nko mahimo unya sirasira store...hehehe

[tOrTfeaSoR]

grabeha sad ana na coop bro dako kaau interest. compounded na? what if moLoan nalang ka sa bank pinakataas na ang 24% interest per month.

[natchelm]

dako ra kaayo nang 5% per month kung long term. maayo ra na kung 1-2 months to pay. Lisod pod siguro bayaran ang 50k loan in 2 months. Hinoon mas kapoy i process ang gagmay interest.