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| Who is a Lender?
Lender can be a person or a company which provides money to customers who needs it. Usually this loan is accompanied with an interest. The lender gives out the money for a specific time and the borrower has to repay it or in one single amount or in partial payments.
For example you have an X amount of money and you decide to lend it to somebody. Make a contract in what you state the amount of time until you expect to be compensated and the fixed or variable interest what you expect from the borrower, and of course how would you like to get payed in one single payment or a periodic one. | | | | |
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