Giving loan till halving
I am also giving some loans to the persons who need it, but for that I am not using any online lending system like BTCjam, as at there I think it will hard for me to get my money back when a person default, so I am giving loans in my family members and other relatives.
You take interest from family members? I mean giving loan to relatives is a good option but you cannot expect to make profits from family, that is really weird.
it's really bad if you give loan it to your family or your relatives, and you expect interest from them, I think it's pretty cruel.
if you want to benefit from the loan, it is better to do that with people you do not know, or online.
Oh my in my case it's really not right to take interest from my family members or relatives just to make a growth in your money. Taking profits with that kind of system will really create a bad returns for you.
I suggest to just give loans for other people that you really know with low interest since you know their capability of paying. Don't give loans on BTCjam because there are lots of negatives feedback about those person involves in that site.
Exactly its risky to give away loans on btcjam now, as majority of people are defaulters and that will make you through big loss, its better to give loans to people around you whom you can trust.