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Lending money investment

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Garpo:
I am looking at different investment options and one that has my attention is investing in company that does micro lending to Filipino\'s.  Not the bombay 6-5 but not far from it either.  I have read about the problems with trying to lend money yourself or even with the use of Filipino family and friends. That is not what I am talking about.  What I am looking at is a company that I invest my money in and they are the ones that find the borrowers and make the decision on who to and who not to lend to.  They also require different types of collateral.  Has anybody had any experience with anything like this?

GregW:
Garpo here is an old thread on micro lending. 

http://livinginthephilippines.com/forum/index.php/topic,499.0.html

fred:

--- Quote ---I am looking at different investment options and one that has my attention is investing in company that does micro lending to Filipino\'s.  Not the bombay 6-5 but not far from it either.  I have read about the problems with trying to lend money yourself or even with the use of Filipino family and friends. That is not what I am talking about.  What I am looking at is a company that I invest my money in and they are the ones that find the borrowers and make the decision on who to and who not to lend to.  They also require different types of collateral.  Has anybody had any experience with anything like this?
--- End quote ---

The only organisations that I can think of that were involved in micro lending that just about anyone can invest in with high interest rates are (were) local rural banks..
It turned out to be just another huge pyramid scheme with 1000`s being burnt big time..
I understand that the PDIC have paid back most of the money to people with valid accounts but I doubt very much they would ever trust such an organisation again.
Please be extremely careful when investing in this kind of micro lending company or organisation.. Just MHO..

rdjlazo@yahoo.com:
When it comes to lending as a part or full time business
you have to feel what is going on in that investment.
What I am seeing now is wide area of investing such as
1. Lending on vacant  land as mortgage. Most people tell me
they charge 4% and up per month. You should know about land title ins and outs
and real ones and not. Ca be done with little research.
2. Loaning on cars and motor cycles also about the same interest rates as lending on
vacant land.
3. Personal loan 5 to 20 thousand payable in few months. 5% interest per month and up.
Real estate and car loans is more secured because of the cars and land collateral.

If you are a foreigner it will not be easy for you to operate it by your self. It will be harder
if you will trust other people to invest it for you unless he or she is a real real close
local relative or spouse. It will not take long before you know almost everything in lending.

One thing I am looking at is agri lending or investing. I invested 14,000 pesos in watermelon
plantation and it look like my money will double  or more in about 4 months due 2nd week of may.
Look into this kind of investing if you are in a rural or semi rural area with the right people of course.
Good luck to you all.

fred:
Im pretty sure that the issuer of a bouncing check here can be in serious trouble if duly reported or a case filed..

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