Actually loan app was meant to serve as a rescue resources when we are out of emergency fund, but it's obvious that some people misused the opportunity. But I will like to say that anyone taking loan should take loan for a more reasonable thing and pay on time and avoid being embarrassed by loan app and blaming them for ones misfortune.
If he is a continuous trader, he may be able to work around it and the default may not be as severe as someone whose activities are ordinary whose income from daily business cannot be measured, I take the example of a wholesale fish trader in the market. There is a strong turnover every day because he sells products for basic needs.
Indeed, if you are using your loan to extend the life of your business for sure it will work and serve it's purpose, but just the same there are many people who use this resources to finance their luxury or missused the purpose and along the way they'll fail to repay and that's the thing that will affects the bad side of this loaning apps, they can use it as an advantage to seek for more interest coming from the amount of money that you borrows from them.