02/04/2021
Introduction
Convenience Petty Cashier provides Payday loans to clients both in private and public employees at a meager interest of 20%. The mini loan capital given out is referred to as Petty Cash and as such the name Petty Cashier and since the intention is to provide that Petty Cash at utmost customer convenience, the full name of the business is self-explanatory in Convenience Petty Cashier initialized as CPC. CPC is the go-to place for clients when in need for immediate need for petty cash.
We highly encourage clients to borrow from one of the established banks if they are eligible to borrow money from them. However, if for some reasons, you are not fully eligible to get a loan from the bank or simply because the process or the queue is long, this door is open to you for informal payday loan at 20% interest to be repaid within a fortnight. We are not a bank; we are individuals like you who are willing to take huge risk to give you cash in person.
Business Reason
Every business is solving a problem and thereby makes profit for the problem the business solves. Convenience Petty Cashier as a business entity is no exception in solving common problems faced by the common working people of Port Moresby and other urban centres both in public and the private sector. The Problems we solve are?
Problem #1: Immediate and Urgent Need for Cash
It could be due to some unexpected events or some temporary budgetary shortfalls or whatever the various unique reason could be, the obvious thing is that the demand for the immediate mini loan from a reliable and convenient source is strong. Therefore, Convenience Petty Cashier is into business to be that Convenient source of Petty Cash to meet this common and growing demand at exceptionally low interest of 20%.
Problem #2: Very High Interest Rate by the Informal Cash Credit Providers
The middle-class working people are being ripped off by the informal cash creditors charging them at 40%, 50% and even 100% interest rate which is a total disaster for these hard-working people who urgently needs to borrow the money for the short term and cannot get it from the bank. Convenience Petty Cashier cannot wait and see these hard-working common people being ripped off every fortnight year in year out. Therefore, we immediately resolved to solve this common problem to reliably meet this demand and salvage these middle-class working group suffering at the hands of profiteers profiting exorbitantly at their hard work and sweat.
Problem # 3: Not every eligible people fully meet the eligibility criteria of the Banks.
A lot of eligible clients do not fully meet the eligibility criteria of the established commercial Banks. It is these group of people that we open our door to them to loan them short term mini loans at extremely low interest rate with no hassle making money available at client’ convenience.
Goals
The specific goals of Convenience Petty Cashier are:
1. Conveniently meet the ever-growing short-term mini loan demands in the urban centres of Papua New Guinea (Port Moresby for now).
2. Provide mini loan at cheapest interest rate in the city.
Our community and Social Responsibility
Pay appropriate tax and fees to where it is due.
Train and employ many unemployed needy and willing people.
Conduct business in the most fair and higher ethical standard.
Give loan responsibly and even advice clients against taking the loan if we assess their financial position risky.
Our Business Ethics
Convenience Petty Cashier conducts its business in an ethical manner to promote the real intent of business in offering mini loans. Convenience Petty Cashier has the moral obligations towards its clients to offer instant and accessible cash as it promises to offer, and staff development and training and to promote humanity. Convenience Petty Cashier upholds strong Christian beliefs, ethics and values in its business conduct.
How can you get in touch with us?
We do not have a physical building office or post office box because we think they are not necessary at this day and age when everything can be conveniently done online. Therefore, we can be reliably contacted here on:
Phone: 71243553 or 74990788
Email: [email protected]
Facebook Messenger: Convenience Pettycashier
WhatsApp: +64 273681772
We Appreciate you now understood us.
