Me and My Family
#166
BE Forum Addict
Joined: Feb 2014
Location: Capiz
Posts: 1,646
re: Me and My Family
It is not really money lending, it is just letting some family members and a few close friends borrow a bit to tide them over or start some sort of business ( hand tools to make bamboo furniture or similar ). As for drive-by shootings, if you had seen the state of the road/tracks round the village here, a swift walk-by would end up with someone falling over.
#167
re: Me and My Family
It is not really money lending, it is just letting some family members and a few close friends borrow a bit to tide them over or start some sort of business ( hand tools to make bamboo furniture or similar ). As for drive-by shootings, if you had seen the state of the road/tracks round the village here, a swift walk-by would end up with someone falling over.
#168
BE Forum Addict
Joined: Feb 2014
Location: Capiz
Posts: 1,646
#169
BE Forum Addict
Thread Starter
Joined: Jun 2014
Location: Philippines
Posts: 1,853
re: Me and My Family
Hi all,
Thanks again for all your replies and interest. Went to the supermarket a couple of weeks ago and now our freezer is stuffed full of meat. Not seen anything disappearing out of the front or back door .... yet. Will be interesting to see how her generous monthly household food allowance goes. If she runs short, then questions will be asked.
Re mobile phone "load". Opting to stick with Globe at 200 peso pm. Now have Viber.
I have given her a "loan" of 10k peso for a dabble in the rice business. She and her uncle (a pastor) reckon there is money to be made in buying rice from the farmer at harvest time later this month and selling it on. Not particularly convinced there is a lot to be made in this, but it gives her another sense of purpose which she thrives on. Who knows...we might be millionaires next year... :-) We shall see.
All for now
Regards all
Thanks again for all your replies and interest. Went to the supermarket a couple of weeks ago and now our freezer is stuffed full of meat. Not seen anything disappearing out of the front or back door .... yet. Will be interesting to see how her generous monthly household food allowance goes. If she runs short, then questions will be asked.
Re mobile phone "load". Opting to stick with Globe at 200 peso pm. Now have Viber.
I have given her a "loan" of 10k peso for a dabble in the rice business. She and her uncle (a pastor) reckon there is money to be made in buying rice from the farmer at harvest time later this month and selling it on. Not particularly convinced there is a lot to be made in this, but it gives her another sense of purpose which she thrives on. Who knows...we might be millionaires next year... :-) We shall see.
All for now
Regards all
Last edited by Bob; Oct 11th 2017 at 8:05 pm.
#170
BE Forum Addict
Joined: Dec 2013
Location: Consolacion,Cebu
Posts: 1,931
re: Me and My Family
Thanks for the update Pete. Pleased things seem a lot more settled! Be interesting to see if your "loan" gets repaid with interest. Do she and her uncle have buyers for the rice yet?
#172
BE Forum Addict
Thread Starter
Joined: Jun 2014
Location: Philippines
Posts: 1,853
re: Me and My Family
Thanks quiltman. I do not expect my gf to repay the loan and interest was certainly not mentioned. She is after all, my partner. I have loaned her money in the past and she has always repaid which I have refused. However, they have always been 1 or 2k only. 10k is not too much to lose. She knows the score..... she has 10k and nothing more will be forthcoming. Importantly, she is happy with the opportunity and challenge she has been given. I know she will thrive on that.
Scot47.... unless I am sadly mistaken, she is buying rice from a farmer and then retailing it. Completely different to speculating in rice. Whatever next? This forum will be the first to know.
Regards
Scot47.... unless I am sadly mistaken, she is buying rice from a farmer and then retailing it. Completely different to speculating in rice. Whatever next? This forum will be the first to know.
Regards
Last edited by Bob; Oct 11th 2017 at 8:05 pm.
#173
BE Forum Addict
Joined: Dec 2013
Location: Consolacion,Cebu
Posts: 1,931
re: Me and My Family
Thanks quiltman. I do not expect my gf to repay the loan and interest was certainly not mentioned. She is after all, my partner. I have loaned her money in the past and she has always repaid which I have refused. However, they have always been 1 or 2k only. 10k is not too much to lose. She knows the score..... she has 10k and nothing more will be forthcoming. Importantly, she is happy with the opportunity and challenge she has been given. I know she will thrive on that.
Scot47.... unless I am sadly mistaken, she is buying rice from a farmer and then retailing it. Completely different to speculating in rice. Whatever next? This forum will be the first to know.
Regards
Scot47.... unless I am sadly mistaken, she is buying rice from a farmer and then retailing it. Completely different to speculating in rice. Whatever next? This forum will be the first to know.
Regards
Last edited by BEVS; Oct 11th 2017 at 9:46 pm.
#174
re: Me and My Family
Thanks quiltman. I do not expect my gf to repay the loan and interest was certainly not mentioned. She is after all, my partner. I have loaned her money in the past and she has always repaid which I have refused. However, they have always been 1 or 2k only. 10k is not too much to lose. She knows the score..... she has 10k and nothing more will be forthcoming. Importantly, she is happy with the opportunity and challenge she has been given. I know she will thrive on that.
Scot47.... unless I am sadly mistaken, she is buying rice from a farmer and then retailing it. Completely different to speculating in rice. Whatever next? This forum will be the first to know.
Regards
Scot47.... unless I am sadly mistaken, she is buying rice from a farmer and then retailing it. Completely different to speculating in rice. Whatever next? This forum will be the first to know.
Regards
Last edited by BEVS; Oct 11th 2017 at 9:46 pm.
#175
BE Forum Addict
Thread Starter
Joined: Jun 2014
Location: Philippines
Posts: 1,853
re: Me and My Family
Sorry Quiltman, I neglected your question in your previous post. I have no idea if she and the pastor have buyers. I suspect he is in "the know" and has contacts. I suspect he will be doing most of the donkey work and taking a good cut. It was his idea and asked my gf for involvement because I am a "rich foreigner". He lives hours away by bus and I am leaving the detail of the business to her although I know she will liaise with me which will probably include a few "field trips" by us both. She is happy....therefore so am I.
Regards
Regards
Last edited by Bob; Oct 11th 2017 at 8:05 pm.
#176
BE Forum Addict
Joined: Feb 2014
Location: Capiz
Posts: 1,646
re: Me and My Family
Sorry Quiltman, I neglected your question in your previous post. I have no idea if she and the pastor have buyers. I suspect he is in "the know" and has contacts. I suspect he will be doing most of the donkey work and taking a good cut. It was his idea and asked my gf for involvement because I am a "rich foreigner". He lives hours away by bus and I am leaving the detail of the business to her although I know she will liaise with me which will probably include a few "field trips" by us both. She is happy....therefore so am I.
Regards
Regards
Last edited by BEVS; Oct 11th 2017 at 9:46 pm.
#177
BE Forum Addict
Thread Starter
Joined: Jun 2014
Location: Philippines
Posts: 1,853
re: Me and My Family
Nope.....you wont catch me doing that. InVinoVeritas.... Again nope. She has 10k, and that is that. She knows the score. I want her to do well and will give all the support I can except extra money. I think any profits will be divided between ploughing it back into the business and sharing with her family. She has already enlisted a paid helper...another uncle. Again, I am not aware of details because there are none at the moment. The harvesting begins soon at end of August and all will become clear then and she will keep me up to speed then. I wish her the best of luck...she deserves nothing less. Bless her.
Regards
Regards
Last edited by Bob; Oct 11th 2017 at 8:05 pm.
#178
re: Me and My Family
Nope.....you wont catch me doing that. InVinoVeritas.... Again nope. She has 10k, and that is that. She knows the score. I want her to do well and will give all the support I can except extra money. I think any profits will be divided between ploughing it back into the business and sharing with her family. She has already enlisted a paid helper...another uncle. Again, I am not aware of details because there are none at the moment. The harvesting begins soon at end of August and all will become clear then and she will keep me up to speed then. I wish her the best of luck...she deserves nothing less. Bless her.
Regards
Regards
Last edited by BEVS; Oct 11th 2017 at 9:47 pm.
#179
BE Forum Addict
Joined: Feb 2014
Location: Capiz
Posts: 1,646
re: Me and My Family
Nope.....you wont catch me doing that. InVinoVeritas.... Again nope. She has 10k, and that is that. She knows the score. I want her to do well and will give all the support I can except extra money. I think any profits will be divided between ploughing it back into the business and sharing with her family. She has already enlisted a paid helper...another uncle. Again, I am not aware of details because there are none at the moment. The harvesting begins soon at end of August and all will become clear then and she will keep me up to speed then. I wish her the best of luck...she deserves nothing less. Bless her.
Regards
Regards
Last edited by BEVS; Oct 11th 2017 at 9:47 pm.
#180