A contract and ID alone doesn't guarantee the lender anything.
You could default on the loan, and the ID would be absolutely worthless especially to a cross-border lender whose country's police have no jurisdiction on international matters concerning finances (not that they would care in the first place for such a low amount, anyways).
Granted, the lender can chargeback on paypal, but that's not possible all the time especially sending as F&F. I would suggest you look at /r/borrow if your only form of 'collateral' is your ID, because that's not acceptable here.
Thank you for your reply.
Already received a response from /r/borrow subreddit. I'll just arrange the loan there. I really appreciate your concerns.