Check out our new loan of the week! An Indian borrower Anil already funded his dreams through Bitbond. His first loan of almost 5 BTC got funded within 14 days and we had an opportunity to conduct an interesting interview with him. Among other things Anil shared his views with us about Bitcoin, his business as well as P2P lending via Bitbond. To gain an insight into Anil’s experience, please read on.
Anil’s First Bitbond Loan
Bitbond: How did you learn about Bitcoin?
Anil: I first came into contact with Bitcoin in the year 2013 as a Cryptocurrency and I used to trade Bitcoin during the financial peak in 2013-14.
Bitbond: Do you feel that Bitcoin is widely known in India? Are there many places in your area that accept Bitcoin?
Anil: Bitcoin penetration has grown in our Country with many Exchangers and Trading Platforms like Unocoin, Coinsecure, BitQuick and BTCXIndia(Which Closed their Trading Services due to uncertain regulatory requirements for bitcoin trading in India).
Bitbond: Could you let us know a bit about your professional background?
Anil: I’m a Computers Science and Systems Engineer who graduated in the year 2007.
Bitbond: In your project description you mention that you are a Managing Director of Chiv ImEx Private Limited. Could you describe the business in more detail?
Anil: Our Company specialises in Imports & Exports and we deal mainly with Car Navigation Systems, Car Lighting, Park Assist Systems and anything else our Clients require. We are also currently trying to find a profitable niche in the Information Technology industry.
Bitbond: Who are the typical customers of your company?
Anil: Our Customers include Wholesale Dealers, Retailers, Direct Customers(Through E commerce Sales)
Giving a Bitbond Loan a Try!
Bitbond: Why did you decide to apply for a loan through Bitbond?
Anil: I’ve decided to apply for a loan through Bitbond as I’ve noticed many Positive Reviews and I decided to give it a try.
Bitbond: Why do you think that Bitcoin P2P lending is a compelling solution to apply for a loan?
Anil: Bitcoin P2P Lending is a compelling solution to apply for a loan because it doesn’t require filling out any paperwork unlike Financial Institutions. Bitbond also doesn’t perform hard inquiries on credit reports and the best part is that it lends in USD which my Local Bank wouldn’t. Using a bank I would have incured the 2-3% Foreign Currency Conversion Markup Charges for either a T/T or Card Payment for exchanging USD payments from INR.
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