Introduction
In the modern society, there is a medium through which everyone can buy goods and or services. In the olden days, the medium known and used then was ‘trade by batter’ system of exchange and it was all about exchange of goods for goods, goods for service and service for service.
Example I have 10 oranges then I’m in need of apples, I can decide to take 5 oranges to someone that is in need of oranges that have apples to give me in return.
But as the society developed, the government came up with the most acceptable medium through which goods and services can be acquired and it is given by law and recognized by all the citizens and people that makes transactions in the country.
What is Money? |
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Money is a valuable resource that is generally acceptable as a medium of exchange. Money is a legal material given by law in a particular country that is constitutionally acceptable and use as a medium of exchange for goods and services.
Money is used to buy goods and or services, it is used in paying debt. Example of money can be $21 steem, N500, USD350, etc. Money is an asset, the nature can be in physical cash or in material resources.
The cash can be in hand or at bank. In the context of this work, I will consider the matter of borrowing physical cash money by people and their attitude toward returning it.
What is borrowing? |
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For me to borrow means to collect something not own by me from someone else to make use of with the intention of returning it to the owner in a particular time or date.
Borrowing is the deliberate process or act of seeking for permission and support to use a resources owned by someone else with the promise to return in the future date.
Example I am in need of pen to write in the class because I exhausted my own. I ran to my classmate and told him please John you have two pens , please give me one I will return to you at the end of the class, and he gives me. At the end of the class I return it to him. That is borrowing.
My view on the matter of borrowing money |
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In a particular society there is a diverse group of people according to their characters and behaviour. This is the most noticeable good and bad side of it in terms of lending money to people.
Not that some people purposely refused to help one another in terms of borrowing money to people. But the truth is the attitude of some people towards returning the money back to the owner.
I had an experience, I gave one young man five thousand naira (N5,000) to use and return to me. But he did not return the money to me till today. According to him, he said the wife delivered a baby in the hospital that he will return the money to me immediately he collected his salary. And I offered the help to borrow him.
When I told my friend about that challenge I faced without even me mentioning his name, the other person asked me is it bro Ubong? I said yes. The person told me that he is been doing with others like that in the town. So it is very few people that are trustworthy in terms of borrowing.
Also, the price of goods and services do determined the ability to fulfill the promise to return the money in a specific date. This affect in a situation where a debtor of $50 is with $100 and plan to buy food items $40 in the market.
On reaching the market, the price of that commodity increase to $60. Here, since food is the primary need for survival. There is a possibility that the debtor will be unable to pay the debt a promised.
Concerning returning the money on a stated date. I had an experience in this aspect. One woman told me that she lost her money in the market and she pleaded me to give her 10 thousand naira (N10,000) to use and run her fish business.
She sales some verities of sea fish like cray fish, stock fish, periwinkle, etc. But till today, she can not return the money to me. In my own view I noticed the woman don’t have the money to give me back. So this is why some people refuse to borrow their money to someone.
Conclusion
Though the world is bad, all people are not the same in terms of their characteristics.
There are some people that are of a very good conscience and character, there are God fearing, they respect their integrity and did as they promised coupled with ability to return the money.
I like such attitude and it shall be well with them. If everyone tries to behave this good way we will have a better society and we will not lack help if we need it.
I invite @bossj23, @vudeme123 and @tomlister
Cc,
@Boylikegirl club