INSIDE YOUR POCKET - South Africa’s Elite Turning to Pawnbrokers to Unlock Wealth
Loading player...
GUEST – Charles Meyerowitz - CEO of Lamna
South Africa’s elite are turning to discreet secured lending providers to unlock their wealth to meet their modern finance needs.
Luxury pawnbroking is on the rise, as cash-strapped professionals are turning to a faster, more discreet solution to combat the challenges of financial woes and unlock liquidity in their assets, according to Lamna Financial.
“In the last year we have seen a 20 percent increase in first-time clients and a 30 percent increase in the value of our loan book for the same period,” says co-founder and CEO of Lamna, Charles Meyerowitz. “Over the last decade we have serviced over six thousand clients with over R2-billion advanced.”
Meyerowitz attributes the increase in luxury pawning to the fact that it is now seen as a viable loan option, gone are the days that it is now a last resort.
South Africa’s elite are turning to discreet secured lending providers to unlock their wealth to meet their modern finance needs.
Luxury pawnbroking is on the rise, as cash-strapped professionals are turning to a faster, more discreet solution to combat the challenges of financial woes and unlock liquidity in their assets, according to Lamna Financial.
“In the last year we have seen a 20 percent increase in first-time clients and a 30 percent increase in the value of our loan book for the same period,” says co-founder and CEO of Lamna, Charles Meyerowitz. “Over the last decade we have serviced over six thousand clients with over R2-billion advanced.”
Meyerowitz attributes the increase in luxury pawning to the fact that it is now seen as a viable loan option, gone are the days that it is now a last resort.
