Leah’s Cafe

My little brother just graduated with a degree in Genetics. Despite all the hypes and over-exaggerated glamors in the fictitious CSI, there are not many job opportunities relevant to this field in a developing country.

So he decided to work in the bank while looking and waiting for the right job to come along. He works in the loan department, selling unsecured personal loans. At first, my mother was apprehensive about his choice of job. She was asking:”Do you have to collect debts? Would people beat you up if they are broke and drunk/drugged?” Excuse my mother’s ignorance.:-) We jokingly told her that the banks are licensed loan sharks.

Of course my brother’s job is selling the loans, the approvals are done by the credit control people and the collections of bad debts are done by the debt collectors. In fact, it’s interesting to learn that except for the first month, he had to buy leads of people with credit card debts and called them. He doesn’t even have to call people from second month onwards. People start calling him instead. His clients have introduced new clients to him. His clients are mostly those in SMI (Small Medium Industry). These people previously used credit cards as revolving cash. The interest rates are lower for unsecured personal loans compare to credit card interest rates, which is why the unsecured personal loans are attractive to these businessmen.