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Author Topic: "Pautang" or "Five-Six (5-6)" Business  (Read 268136 times)

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Offline rainmen

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #225 on: Aug 30, 2008, 12:27 AM »
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there is no law that prohibit the interest rate of loan in the Philippines
If you want to succeed, don't take timid, tepid, tentative steps. Give it all you've got.

Offline dyosa

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #226 on: Aug 30, 2008, 01:06 AM »
thanks anneMP..

tanong q lng,, eh pano yung individual money lenders, san sila kumukuha ng capital to start their pautang?.

o kya nmn, kpag ka nashort sila sa cash, san sila kumukuha ng capital pra mpatuloy nila ung pagpa2utang nila?.

Offline anneMP

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #227 on: Aug 31, 2008, 12:11 AM »
This is actually our family business which caters to Pensioners and those who can afford bigger loans.  I started a small time loaning service online pero small loans lang since I'm still trying to understand the business myself.
http://anneMP08.multiply.com
http://MicroOnlineLoans.Multiply.com

Offline iv19

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #228 on: Aug 31, 2008, 01:23 AM »

there is no law that prohibit the interest rate of loan in the Philippines


Wla na yata tayong anti-usury law. So, there are no caps on interest rates.

Offline dyosa

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #229 on: Sep 02, 2008, 12:10 AM »
may ci pa ba yang mga ng pa- 5/6?

why not invest in different business? direct selling for exmple..

you're really into loaning cguro..

Offline anneMP

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #230 on: Sep 02, 2008, 12:51 AM »
^ yes may credit investigations pa rin pag 5-6 business loans lalo na pag walang pinanghahawakan ang company.  
On direct selling:  this is a form of direct selling too.  In this business, you are selling money as your product.
http://anneMP08.multiply.com
http://MicroOnlineLoans.Multiply.com

Offline Pawn

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #231 on: Sep 02, 2008, 07:56 AM »
Nagpa-lending din ako without promisory note verbal lang 5% in 3 mos, 5,000 min. Sa mga expert dyan pwede makahingi ng promisory note nyo para kasi may kulang sa ginawa ko. sample lang po.

Offline 2mbaga

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #232 on: Sep 02, 2008, 09:22 AM »
Im not an expert but if Im gonna make a promissory note, it'd look like this.

I, John Doe(nangutang), resident of 555 Sardinas Street Metro Manila(address), promises to pay 1,000,000 pesos(amount + interest) to John Hancock(nagpautang) on October 2, 2008(promised date) as payment to the loan made on September 2, 2008(loan date).

Then name and signature at the bottom of the page. And i'd prefer it kung handwritten yung note.
« Last Edit: Sep 02, 2008, 09:24 AM by 2mbaga »
The sentence below is true.
The sentence above is false.

Offline rainmen

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #233 on: Sep 02, 2008, 11:48 AM »
I, ____, as the co-maker of the above-quoted loan, have fully understood the contents of this Promissory Note for Short-Term Loan. That as Co-maker, I am fully aware that I shall be jointly and severally or solidarily liable with the above principal maker of this note.
read the previous post, you will learn a lot starting page1
example of 2mbaga is ok, you can add more if you like.
pwede rin in tagalog, so everybody can understand.
ako po ay nangangakong mag babayad ng aking obligasyon sa takdang araw, pumapayag din po ako sa anumang dagdag na interes kung akoy hindi makakatupad sa aking sinumpaang araw ng pagbabayad.
gumagalang,
micro-financing
If you want to succeed, don't take timid, tepid, tentative steps. Give it all you've got.

Offline anneMP

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #234 on: Sep 04, 2008, 12:42 AM »
« Last Edit: Sep 04, 2008, 12:51 AM by anneMP »
http://anneMP08.multiply.com
http://MicroOnlineLoans.Multiply.com

Offline pugeboy

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #235 on: Sep 07, 2008, 06:22 PM »
correct ka dyan anne. actually malaki din talaga ang kita sa business na to eh, yun nga lang you really have to deal with these types of hassle. such a pain. especially kung medyo mahina ang loob mo or maawain masyado, paktay negosyo.

Offline anneMP

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #236 on: Sep 14, 2008, 12:45 AM »
actually, well-suited for me ang negosyong ito, kasi maawain ako heheh! since inuutangan ako ng mga tao eversince, ginawa ko na rin siyang business heheh! konting drama lang kasi sa akin eh nagbibigay na ako... And I realize ang tanga ko heheh! kaya ginawa ko na ring productive ang pagkatanga ko... And since naging business na ang pautang, malakas din naman ang loob kong maningil.  As in, lumalabas 2 sungay ko pag singilan na.  Pero siyempre, dapat detached pa rin at professional ang paniningil (kundi mamamatay ako sa high blood) hahah!  I'm really learning a lot about our family biz kaya I'm practicing it using my own income (syempre, di ko naman pwede ilaro ang kaban ng pamilya hahah!)  

One of my mom's tips:  Huwag na huwag mong hayaan na may butas ang basket ng kumpanya

Since labas pasok ang pera sa ganitong business, baka naman mas maraming labasan kaysa sa pasukan.  

Basta, ang saya pala talaga mag business while being employed... kahit talo ka sa isa, may sasalo pa rin sayo.
http://anneMP08.multiply.com
http://MicroOnlineLoans.Multiply.com

Offline gr8collector

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #237 on: Sep 14, 2008, 01:24 AM »
thats the beauty of having multiple streams of income.  congrats on your early success anneMP.  You are indeed on your way out of the rat race.  Even playing the game Cash Flow 101 showed that.

Offline mlangseth

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #238 on: Sep 14, 2008, 05:15 AM »
Anong ginagawa mo kapag hindi nagbabayad ang may utang?
Do you really sue them?
Paano kung tago2 ang ginagawa? Hayaan na lang?
My sis was into this biz 2 years ago, mas maraming loss kaysa profit and sakit ng ulo, she almost became crazy dahil hindi nagbabayad ang tao.
I have to rescue her and transfer to another location, otherwise, makapapatay na sya.
Kasi bumili na ng baril dahil sa galit.
Anyway, it was a bad kind of biz for her. Ok na sya ngayon. No more 5-6.
Kung maligaya ka dyan and it is a good biz for you then congrats!
I just can not see myself doing this type of biz that's why sa rural banks mostly ang pera ko, walang sakit ng ulo, tangap lang ng interest monthly.
Just my 2 cents.
There is joy in giving.<br />Do not follow where the path may lead..<br />Go instead where there is no path<br />And leave a trail..

Offline cool_78

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Re: "Pautang" or "Five-Six (5-6)" Business
« Reply #239 on: Sep 14, 2008, 08:22 AM »
Of all the possible streams of income I guess pautang is not for me. I am not a confrontational type of person and although malaki talaga ang kita dito, masyado nagpapasakit ng ulo  :boxing:

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