Chapter 54 [Buy Cement and Pay in Installments]

Weir came to Belsinger's residence to announce the good news and took out his account book with a smile. Turning to today's turnover, I gave it to Belsinger, and then explained on the side.

"Master, the sales volume this afternoon reached 200,000 rupees, and there were almost 20 orders. After excluding the cost, the net profit was 150,000 rupees in one afternoon, which is already very good. The detailed records are all in the ledger. You You can check it carefully.”

The income and expenditure records in the account book are very detailed, even all costs are thrown out, and the balance of 150,000 rupees is equivalent to 10,000 yuan in RMB. The income is pretty good, covering the wages, raw materials, electricity and water bills of all the workers in the two cement factories and the asbestos tile factory, plus a net income of 50,000 rupees.

You can earn so much in just one afternoon, not bad, not bad, pretty good. The work on it was clean and detailed. Weir, the store manager, is a talent worth cultivating. He checked the account book carefully, put it on the coffee table and pushed it to Weir and said with a smile.

"It's quite good to achieve this result in one afternoon. You came just in the afternoon. Madam saw the freshly slaughtered camel in the vegetable market. In the evening, we are going to eat roasted camel. It is a rare delicacy. I will stay for dinner in the evening. It’s a reward hahahaha.”

It was still a long time before dinner, and Will came over in the evening not only to report the accounts. There was another very important matter that I wanted to ask Mr. Belsinger for a solution, so I nodded in agreement with a smile and then sighed and said to Mr. Singer.

"Thank you for your hospitality, sir, but I am coming here tonight to report something very important to you. That is, ten businesses escaped this afternoon. The specific reason is that these people are all rich people in the countryside. I have some money and want to renovate my own house.”

"But I can't afford so much to buy building materials at once, so I want to ask our Singer Building Materials Store if we can adopt the installment payment method. Let them buy enough water first, and then pay us the cost of cement in installments."

Weird things happen every year, especially this year. There are people who pay in installments when buying cement. I'm not a banker. It's a bit weird to use cement as a loan to these wealthy locals. But when Belsinger recalled what he had seen and heard in Sinjar over the past two months, he knew that Weir was not lying. This was the truth.

It seems that a bag of cement costs 500 rupees, which is worth more than 40 yuan. The price is not high, but the traffic is closed in the backward economy. The town of Sinjar has a very low cost of living and can be regarded as a top consumer price. These top sales prices are not affordable for ordinary people, and even those rich people in the countryside will pay in installments.

Repaying the purchase price of cement can be imagined by Shudras who have few assets or even Dalits who can wear shoes. Moreover, they don’t have enough funds to buy a few bags of cement at one time, which is a huge expenditure, so these people will ask Singer Building Materials Store if they can buy cement and asbestos tiles in installments. It's understandable, the general social environment is like this. If you don't accept installment payment, you will lose a lot of business.

But the Singh family does not run a bank, and does not have that much liquidity on these installment payers. Who knows whether these installment payers can afford to repay the money for purchasing cement. If those who bought cement cannot repay the money for cement in 4.5 years, the losses will not be made up by then. My own Singer Industry will be brought down by these people. When the time comes, I will be bankrupt, have no money, and have a lower social status. Will these people still repay their debts?

So the problem here is very complicated. Belsinger smoked two cigarettes in a row, and then frowned and asked Weir who was on the second floor. "In just one afternoon, there are more than a dozen people who want to pay in installments and get cement and asbestos tiles, right?"

Weir quickly put down the tea cup in his hand, nodded and said, "That's right, sir, the accurate calculation should be 16, and the number of cement asbestos tiles purchased by these people is very large. They are all above 20 generations of cement, and more than 50 cement asbestos tiles." , It’s a big deal, but the other party needs to manage it in installments, and I can’t make the decision, so I’m here to ask you how to solve it.”

Buying more than 20 bags of cement at one time is considered a big deal in this town. They have many houses in their homes, and there are many places that need to be renovated and rebuilt. In fact, these people are rural rich people. It is very difficult to spend more than 10,000 rupees to buy cement at one time. Consumers who give up the installment payment method, which accounts for 1/3 of the quantity, will lose a lot of money. Business.

It's like chicken ribs, it smells bad, it's meatless when you eat it, it's like a fish bone in your throat, you can't swallow it, you can't cough it out, it's really uncomfortable. How can Indians have such weird ideas? Who gave these people the idea? This is an abominable way to start this installment plan.

At this time, Belsinger should make a choice, think about it carefully, and then say it to Weir seriously. "Since there are some potential customers who cannot pay for these building materials in one lump sum, they can pay in installments."

"But we have to examine the other party's assets, and then ask them to sign a contract and use items of equal value as collateral. If they can't pay back the money, we can also get the items or land back, and we won't lose a lot of money. funds."

This is a very good idea. Will agreed very much. Hearing that Master Belsinger had thought of a solution so quickly, he admired it very much. And this store manager, Will, is not a good guy either. He said with a sinister smile beside him.

"Master, we can't let these lowly people get away with it. You can pay in installments, but you have to take out equal items as collateral. Then you have to pay the corresponding interest. I think 10% is enough. What do you think?"

It's cruel, vicious, and greedy enough. It's worthy of being an elite from the Lagar Valley in his territory. He is not a master who suffers losses. Why didn't I think of it? You can pay in installments, but you have to pay a certain amount of interest, otherwise as the currency depreciates. As a creditor, I will unconsciously lose part of the profit slowly. In the long run, it will be a big deal. This method is good. Hehe, I like it.

So when I heard the 10% interest proposed by Will, Belsinger's mood immediately improved, and he praised with a smile. "Yes, Will is now a qualified store manager. In order to train you, I will add more responsibilities to you in the future. I hope you can maintain your current state."

"I agree to let these untouchables buy cement and asbestos tiles in installments, but there are three requirements. First, they must take out the corresponding land, houses or other properties for mortgage, and then sign the contract."

No mistakes, one post, one content, one 6, one 9, one book, one bar!

"Second, the term of installment payment cannot exceed three years. No matter how much cement and asbestos tiles the other party buys, the repayment period of installment payment shall not exceed ten installments, and each installment shall repay 10% of the purchase price."

"Third, that is, 10% interest needs to be added. When the purchase price of these cements is repaid, they will hand over these collaterals to him. If you agree, I can pay in installments. If you don't agree, you can do whatever you want. I'm not a saint, working for them for free."