Microfinance firms in India are hoping to work out repayment arrangements with borrowers and persuade the state government to relax the tough lending law it passed in December.
There are times that a friend or a close relative borrows money from you, what you shall do? Well, if it involved a considerable amount of money, or whatever purpose it may be, the first practical thing to do is, you have to be cautious.
If you have the amount, don’t give the person an idea that you have the money with you. Listen intently to what the person has to say why he or she needed the money in the first place.
You have to treat lending in various different perspective and it shall be dependent with all its intent and purpose, so that you can be able to address of each properly.