Everyone seem to be discouraging me from giving loans to friends and families because if I won’t keep it strictly business, I’m likely to lose all my money. I wouldn’t want that to happen so I might say ‘yes’ but (sighs) I still don’t know how I’d feel if my friends refuse to give me loans because they are protecting our friendship. Loanclopedia hits the streets of Africa and here’s what people have to say.

For some it is a fearful thing to collect a loan. For others, it is an exciting news to find a willing lender. There are even those who owe a lot of people but have chosen to remain unmoved by their own inability to pay back. Everyone has a story to tell when it comes to taking and paying loans. Here are some as you consider yours.