I made a loan to nice couple that we are friends with. Actually, I made them two loans last month. One had the first payment come due on June 5th and the other will have the first payment due on July 5.
I am charging them 4% interest, which is better than either of us could get at the bank.
I got my first payment yesterday and I am going to add the interest payment to my $20 challenge.
Prev. total $ 9860.00
today(interest) 130.00
new total $ 9990.00
Almost to $10,000!!!!!!!
My first check!
June 3rd, 2010 at 06:12 pm
June 3rd, 2010 at 06:18 pm 1275585489