Camile 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?