Tourism, climate change and sustainable business practicesMBA for Life and Griffith Centre for Sustainable Enterprise (GCSE) invite their members to hear from Mark Olsen, General Manager, EarthCheck.
Date: Thursday 6 July 2017
Time: 6.00 pm - 8.30 pm
Venue: Level 7, Webb Centre, Griffith University South Bank campus
Greg EllisBachelor of International Business
Ethical business has always been important to Greg Ellis, co-founder of money lending company Nimble and a successful entrepreneur. The idea for the industry-disrupting company was born when Greg and his friend, Sean Teahan noticed a sizeable gap in the finance market.
“We were talking about how there are no options if you just want to borrow a small amount of money,” the Griffith Business School alumnus explained.
“You’re either annoying your mother, going somewhere suboptimal, to put it lightly, like a pawnbroker. Or you’re racking up a $10,000 credit card with a series of small borrowings, which you generally don’t repay, or pay interest only.”
He says the company’s initial goal was to lend to working people without getting them into a cycle of debt. “It was for people who wanted an ethical, comfortable alternative for a small amount of money and then it was about paying it back shortly thereafter and then it’s done. If you need it again it’s there and if you don’t it’s not. Whereas with a credit card it tends to be an accidental long term commitment.”
But the former Bachelor of International Business student says even though he and Sean had a clear vision at the outset, paving the way as an entrepreneur was a difficult job.