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Camile Thai using crowdfunding to set up new restaurant

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camile logoCamile Thai is a Dublin takeaway chain that currently appears to be doing pretty well in their businesses in Rathmines, Dun Laoghaire, Phibsboro and Dolphin’s Barn.  They recently took the interesting step of launching a crowdfunding campaign to open a new branch.  I’m very familiar with crowdfunding for projects related to arts and charity, but this is a slightly new model to me.  Using LinkedFinance.com, they are asking people to give them a small loan of anything from €50 to €2,000. The money is repaid with interest over three years, and anyone investing €200 or more will get a voucher for 10% of the value of the loan, which they can spend in any Camile branch.  Details of the loan are on LinkedFinance, and so far they’re at nearly 20% of their goal.

I think it’s great to see businesses taking these kind of initiatives and not being held back by the banks’ reluctance to give out loans.  What do you think – would you invest in a restaurant like this?

One Comment

  1. Just saw this today and am considering it. I get food from their phibsboro branch, always hot always tasty. Might be a tad expensive but they run good deals on Facebook all the time,and when I do get takeaway I would rather pay a little more and get restaurant quality at home. Also their ingredients are top quality. And they engage with their customers a good deal on social media so I feel they are interested in good and bad feedback. I think they would be successful in the new venture so would be worth backing.

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