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On 14 Jun 2003 at 8:46, Robert S.Z. wrote:
> The option for an average Joe to get a $ denominated loan
> simply does not exist and even in countries with more
> sophisticated banking services, unless you are upper
> management or a government employee, you won't even get a
> basic overdraft facility, no matter how impressive your cash
> flow. Credit card for a self-eplyed operator? No way.
Risk money in the philippines comes the same way risk money in
Silicon Valley. You talk to a rich friend of a friend, he does
due diligence. You cannot get risk money from the banks in
Silicon valley any more than you can get it the Phillippines.
Above market rates are an obvious con.
--digsig
James A. Donald
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4lrllX+a2vK7v+/gy18e4XpQnPhA+7bTW3Cb1rTPy
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