Skip to main content

What to do when someone comes to borrow from you...

When I started working here, the very first thing most of the 'old' staff took turns to bring my notice to, was the existence of a particular member of staff who according to them, was a perpetual debtor. According to them, this particular man was indebted to nearly every worker in the establishment, not forgetting the huge loans he had secured from the Staff welfare Association, which had not been able to offset till date. Furthermore, this man was also alleged to have secured a six-month salary advance from the establishment! When I asked what problems this particular man may possibly be solving with such money, one of the women hissed and posited that the whole cash was spent on irrelevances and ostentatious lifestyle. It didn't take long before the said man approached me for a thousand naira loan, which according to him would be repaid the next day. I had wanted to turn him back when I reflected on what I have heard about him,but on second thought I decided to lend him the money, who knows he may prove the stories about him wrong. Till today, he hasn't paid the money back. I was not the type who engage in fisticuffs to retrieve my money. I just let sleeping dogs lie. After all, I was warned before hand.

Giving a monkey a cup of water to drink is not the problem, but retrieving the cup from it afterwards. People, sometimes even those who are better off than you, fall at your feet pleading for financial assistance, and in most cases loans to foot both justifiable and irrelevant problems. They prostrate and swear with their lives to pay back at a particular date. What happens at the due date? The fellow begins to avoid your phone calls, avoid crossing paths with you, to mention  but a few. Days go into weeks, weeks into months, and months into years, there is no sign of your money being returned, in part on in whole. When you go the extra mile of asking for your money, the person turns vulgar, adamant and insulting, readyto engage you in physical bouts! The money becomes 'common.' To add insult to injury, such a debtor would be visibly living large and spending something worth more than the money he's owing you! A lot of people who owe, actually have the money to pay back, but feel reluctant to do so.

Addmittedly, some debtors may actually encounter a misfortune that may make it impossible to pay back a debt before its due date. In this case, try to plead with the creditor before the due date, and politely explain to him why you would not meet up with the earlier date. Do not wait till he asks for his money, before you start to 'blab.'

A lot of people borrow money to buy what they don't need, while some borrow to pay back a debt, therefore making themselves perpetual debtors. Cutting your clothes according to your cloth will minimize the urge to borrow. Live within your means.

In as much as we encourage charity, instead of lending money to a friend that will later lead to a quarrel, do not lend, rather assist the person with the much you have. For instance, if someone asks for a loan of 10,000 naira, you may give the person 2,000 naira as support. If you must lend, give out an amount you can forfeit if the borrower fails to pay back. This will eliminate any form of enmity that may arise from his inability to pay back.

One who needs a loan knows where to go it. There are commercial banks, micro finance banks as well as co-operative societies. They are the only people who truly know how best to retrieve their money!

Comments

Popular posts from this blog

LIFE Changer (Questions and Answers) Chapter 1

  Chapter 1 What time does Ummi’s husband usually close from work?.  Ummi’s husband usually closes from work by 5pm. Why does Bint’s mom often enter her children’s bedroom without  knocking  on the door? –  She wanted them to get used to her presence and to always ensure they maintain good hygiene by keeping their room tidy always. How many credits did Omar get in his WAEC? –  Omar got 7 credits in his WAEC including in English and mathematics at his first attempt . Who answered the Teacher’s first  question ? – Bint What did Omar demand his siblings refer to him as. –  Omar demanded Teemah and Jamilar call him “My Learned Brother” . Why didn’t Ummi tell her children a story about her experience in the university?  Ummi’s refused to tell her kids a story about her experience in the university because she felt they were much too young to know about life on campus, especially her own experience. Who is Teemah –  She is Ummi’s first Daughter and also her second child. Who is Bint? –  Bint

Life Changer Chapters 2 and 3(QandA)

  Chapter 2 What is Ummi’s full name? Her name is Ummi Ahmad. Why did Salma say lecturers and policemen are alike? Salma accused lecturers of being corrupt, saying they take bribes just like police officers. Why did Ummi feel uncomfortable while speaking to the HOD? Ummi felt uncomfortable because the HOD referred to her as “my dear”. Why was Salma in shock moments after her discussion with a certain young man on the queue? Salma was surprised to find out that the young man she gossiped with turned out to be the lecturer they have all been waiting for. Why was Ummi scared of young male lecturers? Ummi wasn’t comfortable around young male lecturers because Salma had warned her that they always want to date female students and extort money from the guys. What tribe is Dr. Samuel Johnson from? Ummi’s HOD, Dr. Samuel Johnson is a Yoruba man. What is Ummi’s HOD’s name? Ummi’s HOD’s name is Dr. Samuel Johnson. Why was Ummi in shock when she met the HOD? Ummi was surprised to find out her HOD

LIFE CHANGER: CHAPTERS 7-9 (Q and A)

 Questions And Answers On The Life Changer  Chapter 7 How much did Dr Kabir demand from Salma? Dr. Kibir demanded a bribe of two hundred thousand naira from Salma but she declined his request and said she didn’t have that amount. How did Habib assist Salma? Habib gave Salma the money she needed to bribe the Chairman of the Exams Malpractice and Ethics Committee. How did Salma plan to save herself from getting expelled? Salma suggested Habib should help her speak with the Chairman of the Exams Malpractice and Ethics Committee. Why was Salma shocked when she finally presented herself to the committee for questioning? Salma was surprised when she noticed that Dr. Kabir was not a member of the Exams Malpractice and Ethics Committee. Why did Salma reject Habib’s suggestion of seeking help from Proffessor Dabo? Salma rejected Habib’s suggestion because she previously had issues with Professor Dabo. Why did Salma visit Habib in his office? Salma visited Habib at his office hoping he would be