Here's also a place of business but to me I still don't find it ok to be giving out loan, because the risk is too much to handle.
Just like you don't find it Ok to give out a loan because it's risky, other people find it not OK to gamble or even trade because of the risk.
Giving out loans is actually business, What lender maybe need to is to become more picky on who to lend money to and who not to lend to. But I think over the years the number of loan defaulters has reduced.
Everything is a risk so you using trading as an example is not suppose to be, you know how trading is and no matter how risky it is you must get your profit even if you lose.
Talking about giving loan, no matter how picky the lender is the risk is still at 100% sure that he can lose his money.
This kind of business is not that transparent, you're not seeing the person you're giving the loan, you know nothing about him and if you can't get your money back what do you do? Nothing helpful to get your money back.
So you saying loan defaulters has reduced, I don't agree with you on that, they're now much because the loan collectors know they can't be traced should incase they refuse to pay back.