Greetings,
This is my third loan request having two successful loans in the past. I am seeking 2.5 billion ISK that is fully collateralized by my stockpile of drugs. I will be paying back the loan on a monthly basis with an interest rate of 2.5% each month. Currently, I do not have a set duration, but for the time being, I will estimate 3 month duration to start. This is primarily because this is a new area for me in terms of market trading and I am unsure of how much I can sell month-to-month.
NOTE: This is a role-playing character using funds for role-playing purposes.
Loan : 2.5 Billion ISK
Collateral : 100%
Interest : 2.5%
Period : 90 Days
Prepayment Penalty: None
Purpose
The purpose of this loan is to provide additional capital for manufacturing illegal drugs and selling those drugs on the open market in relation to the Gurista Pirates faction.
Collateral
I have been slowly building a stockpile of boosters that are currently valued around 2.5 billion ISK. This stockpile is part of my characters roleplay to turn all profits into a drug stockpile until I reach around 100 billion ISK of drugs (RP goal). The current change in value is estimated around 1.3 billion to 1.8 billion ISK year-over-year on top of the 2.5 billion ISK current value. Thus, if you are willing to loan more based on the value going from 2.5 to 3.5, then I will not be opposed to accepting more. Otherwise, this stockpile is perfectly fine to cover 100% of the 2.5 billion request.
Loan History
I have 2 past loans that were successful. The loan terms were for 1b for the first and 2b for the second with similar interest rates. You find the history of those for loan1 here and loan2 here
My Business
As stated, I am now in the business of manufacturing drugs and selling them. I do a lot of gas huffing across 5 accounts and starting to enjoy the RP of producing drugs. Past loans have been more focused on rigs, but now that I have joined the Guristas as part of faction warfare, I have switched more of my focus to the drug market. My current stockpile has increased to over 1 billion ISK in market value as a long-term investment and that is the current driver for me diving more into the drug market because there seems to be value there. Hopefully it sticks.
Why You Should Loan
Outside of the fact you are earning 2.5% interest, which is money in your pocket. You should loan me the ISK because this is a cool operation and I have been successful in repaying back my loans in the past. My stockpile is really meant for that purpose. I use my current profits to re-invest in drugs, which allows me to borrow more in the future. Hopefully in the next year, I can use my current stockpile to acquire more ISK to in return, earn your more ISK too.
Drug Portfolio
Current breakdown per type.
Drug Value
Current value per groupings (e.g.: Booster Slot 01, 02, 03, & 11)
