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would you lend money to your facebook friends??

I have about 220 face book friends at the moment, if they all decided to
lend me just 100 quid I would have enough cash to do quite a number of
things including re-model my kitchen, put down a year’s lease for our
new office and possibly buy about two laptops! Read more...

Views: 1

Tags: Lending, Management, Microfinance, Microlending, Microloans, P2P, Software, System

Comment by Don Doles on November 15, 2010 at 8:52am
No... I would never lend money to a facebook friend, and would report any requests to obtain a loan on Facebook, or any venue as a scam, phishing scam or any other abuse I could think of.
Comment by Mattie on November 19, 2010 at 1:13pm
Interesting question.

I might decide to give my friends a gift of money if someone needed it — which they could pay back if they wanted — but I would never lend money to my friends. As William Shakespeare advised: “Neither a borrower nor a lender be.”

The project you mention, Quakle, is an interesting concept. I would consider participating in a project like that. If I did, I would approach it as an experiment and not expect to ever see my cash again. If I were to be pleasantly surprised and actually get paid back for my loan, I then would consider re-investing this sum. Of course, I would never spend the grocery money in this way, but I might use some money I have set aside for non-essentials or for entertainment. Sometimes a small loan is all someone needs to better his lot in life.

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