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We went to Perth, Australia to look at the ten-year old business with 50 stores and to meet the cash advance 5000, and to go for it. My grandmother was horrified. My father was the first in the family to get tertiary education and here I was getting into pawnbroking, Mukheibir laughs.
Launching and teething. We saw a lot of advantage becoming master franchisors rather than starting our own brand. We knew nothing about retail and needed the best brand in its sector for the support and for reputation by association.
The brand was already ten years old, and because there were no regulations for pawnbroking in SA, we needed a credible brand behind us. Personal loan 18 000 this time it was 1994 and the whole country was changing.
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