Investment

[Dura-Ace]

Anyone out there who has had any dealings with an investment organization called "FinBond Mutual Bank" and is prepared to share their experience of investing with this institution be it good or bad.

 

[supersunbird]

SAs newest "bank", a few months old, first a microloaner, much like capitec then, offers a 10%pa return and need a minimum R100 000 to invest currently.

Risky investment currently in my opinion but interesting.

 

[Fudzy]

SAs newest "bank", a few months old, first a microloaner, much like capitec then, offers a 10%pa return and need a minimum R100 000 to invest currently.

Risky investment currently in my opinion but interesting.

How do you think they're generating that return?

 

[supersunbird]

How do you think they're generating that return?

microloans or bridging finance or both, if I recall.

EDIT:

http://www.moneyweb.co.za/moneyweb-financial/sas-newest-bank-pays-10-on-deposits

So microloans then.

 

[matt_za]

the idea is that they were borrowing from more expensive overseas sources to fund there microloans and now they trying to get people to deposit with them to rather finance there lending so they are offering better returns than current commercial banks