Have You Ever Lend Money For Profit?

This is something I have never done

Not really sure what you mean by that. If you are asking if I have loaned monies to somebody on interest, yes, I have. But I have had my reasons. You see my relatives are no good, and old too. If I die, there has to be somebody reliable to take my father to hospital. Somebody trustworthy. I have found one such person. He wanted to start business, and I seized the opportunity. I said I will loan at specified interest rate which would be lower than what is prevailing in the market, provided you give me guarantee that you will be there to help us if we need to go to hospitals. Its been 14 years association, not disappointed so far.

It's against my belief to lend money for profit, so it's either give them or do not lend, at times I lend small amounts and do not expect any interest from the burrower, if they give interest voluntarily then that's the only time I accept. My only problem is when it's my time to burrow there is always interest by the bank

That is what I am doing now except that I am not lending to my relatives but through the companies.

I am an investor on a peer to peer lending site called PROSPER, so the short answer is yes. But it's a much different thing than lending money for profit to someone, and you can at least take many factors into consideration before pulling the trigger.

I sometimes lent money but no profit..

Yes, I have. Did it once and good thing I got paid in full.

I was considering peer 2 peer lending!!!! Sure hope it can B profitable!!!

I lend money without profit it's always good to help someone who is in need. I don't mind the interest as long as he or she actually knows when to return the money he borrows.

I have... and I won't do it anymore! I did find out that in doing so actually goes against the bible!

@thesupersingh Someone once taught me not to lend anyone money (for profit or otherwise) unless you intended to discard that person from your life and it is a lesson I have often learned the hard way.