Didn't you take collateral while giving these loans? 50 BTC is a huge amount and as I read it being an humanitarian organizations, how could someone get a loan for travelling the world? Or, they were both separate loans? I kind of confused. Another question was that did you know people in real world before giving such loans?
Besides, how do you plan to squeeze lending amount from borrowers? Can you throw some lights here because I may be able to help!
Thank you very much for the answer, danglongbtc!
After speaking to my attorneys, now, I think that there might be a solution without involving external parties. I would rather resolve this issue between the borrowers and me if possible.
While such a thing is possible, I lock the thread here.
Nevertheless, I would return to your kind offer if the solution above fails.
To answer your questions:
"Didn't you take collateral while giving these loans?"Often, the "collateral" involved successful deals in the past and the possibility to many more in the future. It would have made sense for the borrowers to pay back because they could have earned much more from our deals by now. I really do not understand the reason behind holding back.
"how could someone get a loan for travelling the world?"In most cases, people got loans for boosting their businesses and in many cases, they succeeded in it, but after success, they chose not to pay back instead spending huge amounts of money on luxuries (e.g.: travels).
"Or, they were both separate loans?"Yes, separate loans, BTC 0.5 - BTC 1 per person.
"did you know people in real world before giving such loans?"Usually, yes, we know each other, but they do not care.
