If you have an idea for a possible productive opportunity which you think you can make a reality then taking a small loan may be justified unfortunately most of the loans in the forum are for gambling and stuff like that.
There are people who taking out long term loans for business purposes. This is an example of a good purposes that a borrower do.
But for gambling purposes which the output is not that clear then that is really a shit if people will borrow just for that even for a small amount.
Loans are too good for business purposes even in short term. I have experience in both bitcoin loans and physical loans, both were very much handy to solve my emergency needs.
But going for loan for gambling or other similar purposes is not recommended as you will need to pay back with some interest from your salary/other income source. It means you are throwing out some money for the need of your entertainment. It is very bad.
My small business of sari sari store came from a loan. The terms are not that long and I already able to pay back + interest on time.
We must take loans if we really need it not just on self interest. For business purposes we must put seriousness on that business so that we can able to pay back on time.