The client was a small business owner who had been working with the debtor, a supplier, for over five years. When the debtor offered a discounted bulk order for raw materials, the client eagerly transferred SGD $84,000 upfront to secure the deal. The debtor promised delivery within four weeks. However, weeks turned into months, and …
The client had always been close to her cousin, the debtor. When the debtor approached her for a loan of SGD $55,000 to expand his retail business, she agreed without hesitation. They decided on a repayment period of one year, but no formal agreement was drafted. The debtor promised to repay once his business improved. …
Case Study #033: $55,000 Retail Business Expansion Read More »
The client and the debtor had been close colleagues in the tech industry for over a decade. When the debtor proposed launching a new app targeting small businesses, the client was intrigued. The debtor requested a loan of SGD $85,000 to cover development costs, promising to repay the client within two years once the app …
The client and the debtor had been friends since secondary school. When the debtor shared an exciting opportunity to invest in a property abroad, the client agreed to lend him SGD $150,000 to secure the deal. The debtor assured the client that the investment would yield high returns, allowing repayment within two years. Trusting their …
