A pensioner who plays video games? A rare breed indeed.
Invalid collateral, if you can send me (or valid escrow) 120% of the loan amount in fiat currency, I'll fund this loan.
What's the point of getting fiat for btc loan? If he needs btc, then just use the fiat to buy btc. There is no point in getting a loan that would be charged even a percent here, since it would be much more cheaper to buy it from LBC. :/