He was my coworker. I know him at work for years. It is unlikely he take money and run away.
He ask me a loan to scale up his business, promised to pay 15% annually.
His work is in manufactures industry, maybe B2B. He said he his business don’t depend on number of customer available. I don’t know. I am a salary man. I know nothing about business and investment.
I haven’t ask him into the detail yet. I know nothing about this type of business. He seem confident, but I feel the 15% is so unlikely that will come with (hidden) risk. Maybe my friend is also a victim of another scam, or he just overconfident.
People of Lemmy, I ask you, those who are investor and business owner: is >= 15% annually ROI possible ?
Is this a loan? At fifteen percent interest?
Don’t mix friendship and money.
Yes, it is a loan.
But the 15% is so high, i don’t think i come without risk. I just ask to know if it is possible to run something with more than 15% ROI, to be able to repay the loan and get interest for yourself.
I wouldnt ever loan money to a person who are not disclosing the riscs.
Someone is getting ripped of here. Could be OPs friend even.
It could very well be the friend being scammed.