“The Cash Converters business model [750+ locations in 18 countries] offers a three-for-one income stream for franchisees – dealing in second-hand goods, pawnbroking and micro loans,” said Mukheibir.”
I spoke with a member of Cash Converter’s Team a few months ago. And recently, I received a call from “the largest car title loan operator in Mongolia.”
This is crazy! The majority of us are so focused on US consumers that we fail to pay attention to what’s going on “in the business of lending to the masses” in other countries.
Mongolia? Namibia? Kenya? Tanzania? Afghanistan? South Africa? India? Albania? Romania? Kazakhstan…? Serious, new consumer financial platforms are revolutionizing the business of lending money and money transfer throughout the world!
Look up M-Pesa for example. This service gives MILLIONS of consumers access to “bank like” services. It reduces crime in cash oriented societies and enables instant money transfer. M-Pesa even makes micro-loans to startups. [Could consumers in Detroit and several other cities use this?]
Below, is a real story about a real entrepreneur who launched a pawn/loan/second hand goods store in Namibia recently! It doesn’t matter if you don’t have a clue where Namibia is. [Hint: It borders South Africa.] I didn’t know either until a Namibian Team attended one of our “Boot Camps” in Austin in order to run a loan business. And today, they have expanded operations to the USA. Lookout, they’re buying stores here…
What’s the point? Expand your mind! Don’t focus on WHY you can’t get your consumer loan business launched! Rather, RECOGNIZE you are living in the BEST OF TIMES to be alive. You have the opportunity to do whatever you like from ANY LOCATION on this great planet!
To overcome your inertia, to BEGIN WHATEVER JOURNEY that moves you, STOP watching the daily B.S. “news.” Who cares about the latest traffic jam, car chase, protest by folks having agendas, some stupid “new” study that says daily aspirin causes cancer – until tomorrows “new” study says it doesn’t.
READ/LISTEN TO A BOOK! LISTEN TO A PODCAST!! Always be learning… Always be improving… Always be helping… BUT 1st: TAKE CARE OF YOUR HEALTH!!!
[PS: If you don’t care about the “business of lending money to the masses,” PICK SOMETHING ELSE!]
Take the new ideas that resonate with YOU & BEGIN! DO SOMETHING! START…
NOW, here’s a REAL STORY OF SUCCESS.
Windhoek-born actor, Dalton Ashikoto who plays businessman Archie Gumbi in TV hit Generations: The Legacy opened the doors to his Cash Converters franchise at the Grove Mall in Windhoek, Namibia recently.
Ashikoto, who also previously appeared as tax commissioner Stanley Gwala in the South African drama series Rhythm City said he enjoys multitasking, hence the opening of the franchise.
“My career has been dominated by the two loves of my life, performing and business,” said Ashikoto.
The acting bug first bit Ashikoto while he was studying for a degree in computer science in Nairobi, Kenya, in the mid-1990s. One of his earliest parts was the lead, Romeo, in Romeo and Juliet, a pivotal experience that ensured the growth of his new passion and eventually led him to train in Los Angeles, USA.
Even so, Ashikoto did not throw caution to the winds and became the poster boy for blended careers, bridging any gaps in acting parts with support from his business interests.
“I started with an IT business,” he added. “The holding company I established 15 years ago has now expanded to cover a range of sectors, including property development, agriculture, transportation and health and fitness. This is my first franchise and I’m already finding that it offers a great learning curve. I am enjoying the challenge and really appreciate all the support I get through this franchise model. I also believe it offers our customers real value for money, which will definitely help drive business growth.”
Ashikoto has planned carefully for success, choosing a site with great visibility and parking at Namibia’s biggest mall. He has also taken on four new employees to assist his Cash Converters store reach his goal of becoming “the best-performing Cash Converters store in the whole of Africa,” he said.
“We are delighted to welcome to the Cash Converters family Dalton Ashikoto and his experience and talent,” said Richard Mukheibir, Cash Converters Managing Director.
“All of us in the company know how each and every one of your skills and resources are tested and polished in setting up a new store. I went through it myself opening the first-ever Cash Converters store in Parow more than two decades ago,” he added.
Mukheibir believes franchising enables would-be business owners to grow their business skills and investment within a supportive and professional environment and guides them in avoiding common start-up pitfalls.
“The Cash Converters business model offers a three-for-one income stream for franchisees – dealing in second-hand goods, pawnbroking and micro loans,” said Mukheibir.
“We are confident that this, combined with our practical understanding and systems support and training, will help Dalton reach his goals of high performance, diversified business interests and a strong customer base,” he said.
So, ARE YOU READY? You want to finally get started in “the business of lending money to the masses?” Here’s exactly what you need to do:
- Get a copy of our Course 1: “How To Lend Money to the Masses.”
- Read through it once; quickly. Follow all our startup directions.
- Get a loan from a real lender in the state/country YOU plan to launch in.
- Get copies of EVERYTHING!
- Reread our Course 1.
- Call me: Jer at 702-208-6736. Let’s explore…
This story originally appeared here: Economist Namibia.
Trihouse Consulting Services
|Course 1: How To Start a Consumer Loan Business
Our 500+ Page Manual
How to launch a consumer lending business
Small Dollar Loans
Car Title Loans
Non-Secured Personal Loans
Store Front Lending
What loan management software to use?
Store & Internet Lending tactics & strategies
Sample contracts, License apps...
Texas & Ohio CSO/CAB model
$367.95 PDF Immediate Download
100% Refund Policy
Click Here: $367.95 Immediate PDF Download
Click this link Course #1 for a complete Table of Contents.
|Powerhouse PDL Biz Operator's Manual
Course 2: For Experienced Payday Loan Operator's Only
The REAL DEAL for Existing PDL Lenders
For EXPERIENCED PDL Owners ONLY!
Strategies to improve your storefront PDL business.
Tactics to ramp up your portfolio.
Ideas to reduce defaults
Blunders we made so you can avoid them 🙂
Online lender's tricks to benefit your operation
This information is the real deal with nothing held back. Marketing, underwriting, collections, employee relations, THEFT prevention, bad debt… It’s all in my Course. I’m blunt! I’m straight! I share all my blunders and my successes! And sometimes it’s not pretty!
My Powerhouse Course offer killer strategies for payday owners to grow their business through MEASURED marketing. You will learn how the “tricks” the Online lenders use can benefit you.
You’ll discover how to attract more of your ideal customers and clients, get them to come back more often, have them spending more on each visit and send you more referrals than you ever thought possible. AND, I’m going to teach you…
*100% Money Back Guarantee
|Powerhouse Car Title Loan Course||Course #4: Powerhouse Car Title Loan Business - Advanced
Start a Car Title Loan Business
Our new and EXCITING Car Title Lending Course #4. Even if you’re NOT in car title lending today, this is great information.
We’re super excited about this Car Title Lending Course because this type of lending is the biggest and most important thing going on in the sub-prime market.
If you want to start in Auto Title, Car Title, Title Pawn... whatever you want to call it, or if you simply want to do it better, INVEST in our Powerhouse Car Title Loan Course #4.
The full course is over 400 pages and it’s $395.00 as a PDF [immediate download in Adobe Acrobat] or $495.00 printed and shipped to your door.
Click this Link for Table of Contents
Four things about our Car Title Loan Course #4:
You’re going to get all the information you need to start and profit loaning money on car titles. Yes, you can download the entire 400+ pages NOW! And this is real content! This is not 400 pages of sales pitch. We’re not going to pull a “time-share bait and switch” with you. This is real information to use to put money in your pocket immediately.
Value. There’s GOLD in this Car Title Loan Course. The chapter on employee management, supervision and training can make you hundreds of thousands of dollars. The chapter on testimonials will transform your company image, reputation and marketing. Is the course worth $395.00? Nope. It’s worth a hundred times that.
Guarantee! If you invest in this course... If you review the information... If you think it’s all stupid and you don’t get any value from it... Then we will refund your investment. No questions asked!
Check out my videos. Especially the longer one about unconventional marketing. This 15 minute video demonstrates how you can step outside the “normal” ways of getting great quality customers.
WE build teams of happy collaborators. People who invest in our courses participate in Master Mind groups. We have conference calls. Boot camps. We help operators connect with capital. We’re here to share ideas, and strategies with positive, forward thinking people.
Name of Course: Powerhouse Car Title Loan Course #4.
Target Audience: New and existing storefront and online car title loan providers.
Course Objective: To share proven strategies in dealing with obstacles and opportunities in the car title loan market.
Course Relevance: Secured lending via collateralized car titles is a solid strategy make money lending to the masses or to diversify a payday loan portfolio.
|CSO Credit Services Organization Report (TX & Ohio
An analysis of the Credit Services Organization Model as it applies to Texas. An alternative to the Payday Loan Model.
What is a Texas CSO Credit Services Organization?
In essence, a CSO or Credit Services Organization is defined by the Texas Credit Services Organization Act (Section 393 of the Texas Finance Code) as an entity or person that provides one of the following services:
* Improving a consumer's credit history or rating.
* Obtaining an extension of consumer credit for the consumer.
* Providing advice or assistance to a consumer regarding the previous two services.
How does the CSO Credit Services Organization work with payday loans?
The CSO Credit Services Organization operates as a broker, The Texas Credit Services Organization Act (CSOA) allows the payday loan lender to register as a CSO and act as a loan broker. Thus, the CSO can make loans via "3rd Party Lenders" that are UNREGISTERED and UNLICENSED. The CSO Credit Services Organization acts as a broker for the consumer in need of funds by issuing a "letter-of-credit" on behalf of the consumer to a "3rd Party Lender." This 3rd Party Lender funds the "loan" brokered by the CSO.
How does the Texas CSO Credit Services Organization collect its 3 fees:
A referral fee for referring the consumer to the lender that actually funds the "loan." This is not stipulated by any law but is currently $20 to $30 per $100.
An application fee for filling out the CSO documents; typically $10 per $100.
The interest on the "loan;" Texas state law caps this at 10%/year.
Our 100+ page "Texas/Ohio Credit Services Organization [CSO] Report" includes a thorough description of how this model works, how to construct the loan entity & the CSO, sample agreements between the CSO and the 3rd Party Lender, sample consumer contracts & more.
|Payday Loan, Title Loan, Boot Camp, Installment... Boot Camp -LIVE
Boot camps are run in our Texas “live” Loan Center
We offer small dollar loan loan training
You and one employee/partner may attend
Our Payday Loan Manual, our Car Title Loan Manual and our Gold Manual are included
These are “one-on-one” intensive workshops customized for your situation and challenges
We cover both the store model and the Internet Model
The fee is $3550 total per company (Including our Manuals) If you already invested in one or more of our Manuals, you may deduct $500.00.
We schedule our Boot Camps in our Texas location to accommodate your Team
2-Days in a "live" Loan Center in Austin, Texas. Includes our Payday Loan, Car Title Loan and Scrap Gold Manuals in Adobe Acrobat emailed.
||Schedule a Call with our Founders.
You want to learn how to make money by lending money? You’re fed up spending hours and days with “google search” in an attempt to figure out if small dollar lending, payday loans, car title lending and installment loans are profitable?
Talk to an expert!
1] Request a Call; as little as $75.00 for a 15 minute call. Extend the call if you like.
2] Via Clarity.fm, you will be pre-charged for the estimated length of the call, based on our rate of $300/hr.
3] Connect directly with our Founders on the day and at time you select.
4] Ask ANY question regarding the small dollar loan industry
4] At the appointed day/time, call the conference line we provide. After our call, the charge will be adjusted to reflect the actual length of our call.
Jer, Miro and the Team at Trihouse Consulting have taught thousands of entrepreneurs the correct way to identify, evaluate, negotiate, perform due diligence on, finance, turn-around and operate payday loan, car title loan, and installment loan businesses; the business of making money by lending money. Some people think we’re nuts for doing this, but the truth is that we’re far from crazy. DOING & Teaching opens doors for us that pales in comparison to any other channel.
|How to Get Your Money
What can be worse than not getting paid? Getting sued, or FINED by Government agencies.
There are regulations at the Federal and State level that are created to protect the public from unsavory collections practices. As you work to collect your money, keep in mind that the courts have a mandate to take the side of your non-paying client. Even if this person has cursed you up and down, written you bad checks and lied to you every day for 10 years?
None of that matters. The courts and the law are created to protect the public. Not you or your business. If you go into a collections procedure with an attitude, and crappy documentation, you’re going to get run over by the system and it’s not going to cost your deadbeat customer a cent.
Tribe Sovereign Nation Documentation, Term Sheets & More
A complete package of all the legal documentation required by tribes, lawyers, investors, marketer/servicer groups... to successfully launch a TLE.
Note: All Word Templates are editable for your private use.
INTRODUCTION: [25 page PDF by Bree R. Black Horse J.D. candidate at Seattle University School of Law, and an enrolled member of the Seminole Nation of Oklahoma in cooperation with The American Indian Law Journal. Public Domain]