Growth from a small island, with Mark van Beuningen (CIM Group)

How to Lend Money to Strangers

Brendan le Grange

Credit, Fintech, Management, Lending, Banking, Business, Careers

5 • 2.6K Ratings

🗓️ 29 December 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

To grow from a small island you need a dual aspect: looking inward, CIM has a relationship with about 60% of commercially active Mauritians; looking outward, CIM is expanding into East Africa and possibly beyond?

You can read more about CIM's finance arm at https://cimfinance.mu/mu/en/

Or, if you'd rather visit them and the beautiful island of Mauritius in person, here's where you can start your planning https://www.mymauritius.travel/ 🤣

You can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect). The show has its own page there, too, and is also present, but less active, on Instagram and Twitter using the @HTLMTS handle. My action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24

If you have any feedback, questions, or if you would like to participate in the show, please feel free to reach out to me via https://www.howtolendmoneytostrangers.show/contact-us

Oh, and if you’re in need of more banking podcasts, you can find related content at https://blog.feedspot.com/banking_podcasts/

Regards,

Brendan

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Transcript

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0:00.0	We've grown well over the last six, seven years, but if you do want to meaningfully
0:04.6	grow as a business, given the size of the market, you certainly need to look outside of
0:09.5	Mauritius and most Mauritian companies that are looking at geographic expansion, typically
0:14.9	do look at East and in some cases West Africa, South Africa.
0:19.1	It obviously depends on what you do as a business, but there's certainly opportunities for
0:24.4	Mauritian companies to go into Africa and to visit Africa.
0:32.1	Okay, time to ask for a Christmas favour.
0:35.0	I'm away from my desk for the next two weeks.
0:38.2	Skying in Switzerland, so I have to be honest, I'm not going to be missing you, but I'm also
0:42.8	not going to be able to do the usual social media push as these next few episodes go
0:47.4	out.
0:48.4	So it would mean a huge amount to me and even more to the show, if you could go on to
0:52.7	LinkedIn, find and follow the how to lend money to strangers page there and then like, share
0:58.6	and even comment on the latest episode announcements.
1:01.3	And I'm going to make it easy for you because this one's a goodie.
1:04.7	For a couple of years around 2005, 2006, I worked for Barclays Africa in a lovely little
1:11.6	hand-picked team that had been tasked with modernizing the retail lending risk operations
1:16.2	of the bank's various businesses around the continent under the wing of the inigmatic
1:20.7	Nick Geimer.
1:21.9	We were all new and so the first task was to divvy up the various markets.
1:26.5	You get Zambia, I get Botswana, you get Garner, I get Kenya, you get Mauritius, wait a minute,
1:33.4	I didn't know Tropical Islands were an option.
	...

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