This is part 2 of when to say YES or NO when handling friends who borrow money. To read the previous article please click friends & money part 1 You can prepare yourself for the worst case scenario first, by picturing what would happen if your friend doesn’t pay you back? How will it affect your relationship? What if he comes back to you to borrow more money which you could no longer afford to give, are you prepared to say “no” this time? If you can't make up your mind from the previous questions , then I suggest that you reconsider your decision and perhaps try to help your friend through another way. It may also help to be honest and open with your friend and ask how exactly is he planning to pay you back. Where will he get the money? Will he be paying through installment or as lump sum? What will be the payment schedule? When the amount is considerably big, it’s best to get everything in writing. More than often memory loss creeps into Kenyans whenever they borro...
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