Many of them take loan and invest them just to get interest on them.
But considering the present economy they should know that loan has no value.
the point was , why they are asking for so many loan, if after the first one they could essentially use the their money(that they gave to you) to do their businesss
this could be explained only if for every new loan they need a bigger amount than the previous one, or because they want to increase their trust to scam a big ammount in the end it's a common strategy between scammers
Well, thinking of each person is different, we would not know the purpose of a person to borrow, if he does not ask the truth. but someone who has earned the trust feedback of loans, may have a goal to cheat, and the best way to avoid it, is to use a trusted escrow