A Ugandan man walked into a bank in New York City and requested for the loan officer. He said he is going to Uganda for a one month holiday and needed to borrow $1,000. The bank loan officer said the bank will need some kind of security for the loan so the man hands over the keys of his new Mercedes Benz SL 500. The car was parked on the street in front of the bank. The bank agreed to accept the car as a collateral for the loan. The banks C.E.O and its staffs all laughed at the Ugandan man for using a $110,000 Benz as a collateral for a $1,000 loan. An employee of the bank drove the benz into the banks underground garage and parked it there. One month later, the Ugandan man returned from Uganda. He repaid the $1,000 and the interest, which was $10. The loan officer said;sir, we are very happy to do business with you. This transaction worked out nicely, but we are surprised. While you were away, we checked you out and found out that you are a multimillionaire i re. What surprises us is why would you bother to borrow $1,000. The Ugandan man replied; where else in New York City can i park my car for one month for only $10, and expect it to be there when i return.
Posted on: Tue, 20 Jan 2015 11:00:00 +0000
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