It had been the practice of a certain class of lender to trade under a variety of names; so that under one name the same individual would lend money to a person who borrowed from him under another name; the second loan would be spent in liquidating the first, and the borrower finding it always easy to obtain more money would continue borrowing until he became hopelessly involved.
Practically every form of investment in which a man is capable of indulging involves the lending and borrowing of money, the interest exacted being the profit which the lender receives for the use of.
One of these is micro-lending, which directly connects the lender with the borrower and which the Internet has made appealingly easy and personal.
Knight made lender the direction of Professor Osborn.) FIG.