This all sounds more like btcjam or bitlendingclub to me , you take a loan and earn trust slowly
But their are people who default and we can't do anything much for that , that;s the main problem here.
But hope it will al work out fine if you have some good guidelines and backing. Though this seems kind of dead
those two services are centralized. Lending service is one of the things I think should be decentralized. Why should people be getting paid simply for going "hey, uh, you got some money. They need some money. So I'm gonna take your money and give it to them, and then they're going to pay me back, then I'll take a fee, and then give you most of it" . What did they do to earn that fee? They've built trust?
You're pretty right but let us suppose you do all that and have a wallet and a decentralized lending system , still the only thing we do is just trust the person , what if they default on the loan , is there any insurance or something?