I would only give a loan to a person I know personally.
Everything else must be considered as gambling. I do not do that.
It's pretty obious that loans are too risky and it's always depends on the companies you are going to give some loans but if you are going to give a loan to person you know personally then it is a good thing but sometimes that person always took year's before he will pay you.
And most of the time he ends up not paying you at all. This happens very often. People are so confident that it's okay for them to not pay their loans from you because you're a close friend or a relative. But it's actually not. This is a 100% loss of you. You can't even put somebody in jail for not paying a loan from you. That's why collateral should always be required even when it comes to your close friends. People promise this and that but ends up not paying you at all.