Coffee Company Cherie Issued Securities

Coffee company Cherie has issued securities. It's a promissory note, which is an investment product of Cherie and is a short-term loan commitment. It is designed especially for those who want to invest money in the short term with a higher interest rate on a bank deposit.

As the company explained at "Business Partner", in a very short period of time after the announcement of the product, it can be boldly said that the product was justified.

"This is a common practice in developed countries. Every successful and well-known company has such a small project. As we have been on the market for 7 years and they know us, they trust us, so we tried this direction in Georgia. We got more results than expected. The interest is quite high, the company has already received several bills of exchange, ”the company said.

Cherie promissory note is a loan of 6 to 10 months, with a nominal value of not less than GEL 5,000, which Cherry receives and undertakes to repay.

The amount of the promissory note will be accrued 12% per annum, with monthly interest payment (1% per month).

The company states that if the promissory note is depreciated by more than 3% against the US dollar on the day of issue, the difference between the exchange rates will also be reimbursed to the promissory note holder.

"Cherie sells promissory note because it pays less interest than the bank overdraft (on average, a bank loan of 6-10 months costs 14% per annum in GEL),''-said at the company.

Cherie was founded in 2012. The company's factory, located in Lilo, is currently the largest coffee factory in Georgia. 4.5 million GEL has been invested in it. At this stage, the company produces up to 50 types of coffee and 1 type of tea.