Money given to friends and relatives is always a charity in the garb of loan which is given in expectation of refund but always taken with intention of non-refund.
Such loan is taken by a person:-
Who lacks business sence and cannot raise funds out of his own business and suddenly wants to be rich.
who cannot raise bank loan because :-
he himself is not creditworthy
the purpose for which he seeks loan is illegal
the purpose for which he seeks loan is not at all commercially viable.
Who knows he can afford not to refund.
Who trusts his thick skin
Who intends not to refund
Who has made fortification against action of refund.
So he has to find someone who can part with his money. SO he finds a lender near him (friend or relative)
Such loans are given by the persons :-
Who has surplus money.
Who displays and boasts of such surplus money.
Who stupidly believe that there will be a refund.
Fails to realise as to why he alone (not bank) is being contacted for loan.
Who has extreme trust on the debtor
who are either stupid or extremely greedy of the unusual (or illegal) rate of interest.
Such loans are always given
Business started by such money (easy money belonging to other) invariably fails.
MV Gupta thank you for your advice we did exactly like you mentioned yesterday with family members... But to my surprise their behavior itself changed so much.. Felt very heartbreaking how ppl change over time and money can make or break relations Both of us weeped thru the weekend and we are not very far from any cardiac arrest.. Guilt is killing us at age..!