Why are people even offering collateral to this lender, he didn't mention it anywhere in the OP (unless i'm going blind) basically just said post your request and he will fund it as long as you are not a newbie.
If the OP is serious about starting a lending business then i would suggest that you do some homework and have a good look at how the system works here.
You are right. I didn't mention collateral. And as you can see the OP is pretty basic.
I am serious about providing loans to users that I believe I can trust, but I am also getting the hold of how this lending system via forum works.
I want to see what kind of requests I get. And as you can see, so far, no loans were provided.
I understand your intentions are good, I'm not trying to bitch about it. But I hope you understand better my point of view now.