Chommyluv
Member
The answer to this question its not far fetched; it's because of greed and selfishness and not that they don't have the fund to pay back but their greediness is stopping them from fulfilling their own end of the bargain. I sometimes fall into this category too, I once borrowed money from my friend to pay back latter but reaching the month to pay back, i feel like holding back but i suppress the feelings.I always ask this question, because am wondering why do people or organization find it difficult to pay back loan.
Some persons who sells food stuff within my street has been continually being harassed by a micro finance bank where the had collected some amount of loan in order to promote their businesses and these loans are to be paid back on instalments weekly which they agreed but I noticed that one its the day for payment, you will see them running helter skelter looking for someone to borrow from in order to pay back.
Same thing happened to a company where I was working sometime back, my boss collected a car on loan from a commercial bank to pay some percentage every month but I used to marvel once its the date for payment my boss will keep giving an excuse.
Why do people find it difficult to pay back loan?