Microlending as a way to get started?

[Jasad]

IS a risky method,some members can use as collateral hacked account.Is a good idea if you only lend money to trust members with a high rank and trust.

it is not risky if you know how to spot these things. for example you can find out if the password was recently changed here in forum security log: https://bitcointalk.org/seclog.php

also you should always ask for a signed message from and old bitcoin address.

the most important are be careful on approving loan ,
you can always looking for reference on people who want the loan like how good their reputation ,
how old they are being active in this forum etc , you can learn all of it once you have an experience ,
so better you start a low amount loan and get your experience.

[entrepmind23]

Since many have already done it in this forum then you can do it too.Just make sure that there is collateral and the member should already have credibility here of being trusted. Scam is rampant nowadays so the amount lent should be secured and you just start to let borrow someone small first and then when you already established some kind of trust to each other then you can let him borrow bigger amount later.This is a good way of earning passive income and I'm planning to do it too if I have accumulated bigger amount of bitcoin.

[ronaldo40]

yes, this is profitable, but it can also be a risk. when you get a collateral account, at least account be worth more than the loan amount. but I most afraid of is the collateral of the account is the account the result of a hack or a scammer. as some experience like that.
but you should try to know the results. so good luck

[equator]

When ever starting any new business , their will be always both affects positive and negative. In microlending if you are properly checking the users details and then if you are lending the bitcoins then you will be in safe side. But even then their are so many users who have hacked account and they will try to get loan giving that accounts as collateral so you have to be ready with negative side also.

[chesatochi]

I'm new also on this bitcoin world, but I don't recommand you to start with lending because I found it too risky...but good luck if you try

[Zadicar]

I'm new also on this bitcoin world, but I don't recommand you to start with lending because I found it too risky...but good luck if you try

Everyone could start  into microlending but  you are correct its a risky investment since  you would  need many things to check first  before you give a loan to someone.  If you really  want to start with it then proceed, but remember the things you must consider before anyone could request a loan to you.