This may be a slightly odd question with which to start a legal
blog post, but do you like burritos, wine, or chocolate? Who
doesn't, right? If only there was a way of making money off
your addiction to tasty Mexican treats or decadent Swiss truffles?
Well, as it turns out, there might be...
Mini-bonds have become an increasingly popular source of finance
over recent years, especially as traditional forms of bank lending
have become more difficult to source. Mini-bonds can allow a
business to really engage with its customer base and encourage them
to "buy-in" to the company. For example, Chilango, the
chain of burrito outlets asked customers to "become part of
their story" by investing at least £500 in an 8% burrito
bond. Alongside interest payable to bondholders, mini-bonds can
involve certain payments being made in kind, in non-monetary form.
For example, Chilango offered free burritos to its bondholders.
Similarly, Naked Wines, the online wine retailer, offered
