Funny. The manager at Skillman said the same thing. She said taking delivery would have looked good on my credit score. I asked what she thought a repo would do to it. Bad experience all the way. This place sure it gave me a loan and guess what.
Explaining high growth. When we bankruptcy and personal loans the first store in 1994, we took two years to learn the complexities of the business before we felt ready to franchise. Our second franchisee was a pharmacist in Cape Town and the third franchisee was actually my sister and her husband.
They borrowed R600 000 to fund the franchise, and it was paid off in two years. Their bank manager was so impressed he bought the fourth store. Mukheibir laughs. Word of mouth gets around. But from a brand performance perspective, Cash Converters has enjoyed 25 year-on-year growth when even very well-run brands like Massmart have only seen 3 to 5.
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