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Company: Cash Converters Master franchisor: Richard Mukheibir Established in SA: 1994 Visit: www. cashconverters. When you think about Cash Converters, you primarily think retailer of second-hand goods. But dig a little below the surface and you find the brands philosophy is about giving a community access to cash.
Internationally, Cash Converters is primarily a pawnbroker for secured money lending, then a buyer and seller of second-hand goods. In South Africa there were no laws governing pawn-broking and everyone did what they wanted it was the wild west out there. So when we launched the franchise in 1994 we wanted to position the business in a new, credible light and build a brand where mainstream people could come shopping, which meant we had to take it out of the seedy pawnbroking industry, says Richard Mukheibir, master franchisor and MD of Cash Converters.
Fortunately, the Cash Converter franchisors are an accommodating lot instant online payday loans bc accepted that a certain level of customisation was needed to make the brand work in South Africa.
We went against the international trend of starting with pawnbroking and instead started with trading second-hand goods only. It was ten years before we moved into pawnbroking because by then we were first and foremost a second-hand goods retailer.
Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lenders rates and fees may be higher than state-licensed lenders.
Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or instant online payday loans bc includes terms that are not acceptable to you.
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