- #1
Pengwuino
Gold Member
- 5,124
- 20
So a few days/weeks/whenever ago, Obama gave out those medals of freedom and one of them went to that guy who started the concept of "macrolending" in Africa where people were loaned $250 or so and had something like a 99% success rate. Whatever. It made me think though. It's so weird that such a program, private people giving small loans to strangers resulted in such a high return rate... yet it's almost unanimous with people I know that "you don't lend money to friends/family".
Maybe it's just me and the people I know but unless it's someone you REALLY know, it's almost a no-brainer to not volunteer a loan (or if you do, basically say goodbye to that money). Even with family, it's an iffy situation. Why is this?
Maybe it's a logical fallacy but something just doesn't seem right. People are off giving strangers loans to great success, yet it seems fairly universal that people are either uneasy or completely against giving money to friends/family.
DISCUSS!
Maybe it's just me and the people I know but unless it's someone you REALLY know, it's almost a no-brainer to not volunteer a loan (or if you do, basically say goodbye to that money). Even with family, it's an iffy situation. Why is this?
Maybe it's a logical fallacy but something just doesn't seem right. People are off giving strangers loans to great success, yet it seems fairly universal that people are either uneasy or completely against giving money to friends/family.
DISCUSS!