21 Jun 2019

CHARGING INTEREST ON A LOAN IS NOT A SIN, THE SIN IS NOT KNOWING THE DEBTOR YOU SHOULDN'T CHARGE USURY

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God is perfect, constant- never changing. His natural laws on wealth creation and business have also not changed.

Giving/taking loans is very important in business, and interest/usury have been charged from time immemorial. In fact, you can hardly get great growth and profits in business without AT FIRST owing (people)....

Therefore, God isn't against (giving or taking) loans! It is the interest charges that is his concern.

So, does God oppose all Usury/Interest on loans?! What does the Bible say about loans and interest charges?!!

Matthew 25: 24. "Then the man who had received one bag of gold came. 'Master,' he said, 'I knew that you are a hard man, harvesting where you have not sown and gathering where you have not scattered seed.
25. So I was afraid and went out and hid your gold in the ground. See, here is what belongs to you.'
26. "His master replied, 'You wicked, lazy servant! So you knew that I harvest where I have not sown and gather where I have not scattered seed?
27. Well then, you should have put my money on deposit with the bankers, so that when I returned I would have received it back with interest.28. "'So take the bag of gold from him and give it to the one who has ten bags.


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WHAT IS A LOAN?
Financially, a loan is an amount of money we borrow from our future self/income, because we urgently need it today and will, therefore, make do with less money in the future, OR because we believe that we can use it today to make much more (hence get to that future richer & better off).

[We can acquire loans, with or without interest, from money lenders, banks, family members, cooperatives, etc.]
In other words, when you take a loan, you are going to your future to bring money (that you are yet to earn)! You are literally creating money today!!


LOANS ARE THE PRIMARY WAY OF CREATING CASH/MONEY, BUT THEY CAN FINANCIALLY ENSLAVE PEOPLEYes, SEEDS are the primary Agricultural tools of "wealth creation"; LOANS are the financial equivalent.

While the government is the legal entity allowed to print currency, ordinary citizens "create money" using loans. Banks create money immediately they issue a loan facility. And banks' major source of income is from interest on the loans they give out.


As I already stated above, going to your future to bring money into today is essentially creating money- WEALTH CREATION, for
1. you alone (if you do not pay back), 
or
2. for the money lender/banks (if your business venture fails and you still have to pay back with interest), 
or
3. for both of you- when you pay back after having made more money with the loan!!

Loans, when not judiciously used, can make the debtor financially enslaved, and many people have become slaves to their credit cards/lenders, especially in the developed world.

IT IS BUSINESS-SAVVY TO NOT LEND MONEY TO PEOPLE THAT ARE NOT CREDIT-WORTHYYou should only lend to people, money that you are personally willing to lose. And the Bible recommends not collecting interest on loans to the poor.

Exodus 22: 25. "If you lend money to one of my people among you who is needy, do not treat it like a business deal; charge no interest. 26. If you take your neighbor's cloak as a pledge, return it by sunset, 27. because that cloak is the only covering your neighbor has. What else can they sleep in? When they cry out to me, I will hear, for I am compassionate.

Leviticus 25: 35. "'If any of your fellow Israelites become poor and are unable to support themselves among you, help them as you would a foreigner and stranger, so they can continue to live among you. 36. Do not take interest or any profit from them, but fear your God, so that they may continue to live among you. 37. You must not lend them money at interest or sell them food at a profit.

Psalm 15: 1, 5.
Lord, who may dwell in your sacred tent? Who may live on your holy mountain? ...who lends money to the poor without interest; who does not accept a bribe against the innocent. Whoever does these things will never be shaken.


But most money lenders/banks NEVER lend money to the poor, talkless collecting interest from them!!
Or, who typically lends money to people that have no collateral and no regular job?! Hardly anyone!


WHO IS A POOR PERSON?
A poor person is anyone that has no collateral, and/or no regular source of income, that will enable them pay back a loan (if given to them).

When you give to a poor person, YOU ARE NOT EXPECTING ANYTHING BACK IN RETURN, ditto when you lend money to them. In fact, you will be glad if the poor person pays back your loan.

From Genesis to Revelations of Jesus Christ, God is NOT against charging interest...GOD IS AGAINST CHARGING INTEREST TO POOR PEOPLE "WHEN" you give them a loan. But not everyone is poor!

Wisdom is being able to build your "for-profit" money-lending business by either lending money to those who can afford to pay back with interest because they can, or that lends to the poor with no interest charged AT ALL. And if you can combine the two successfully, you are a superhuman economic genius!!

Note; people like Mohammed Yunus of the Grameen microfinance bank/foundation have successfully done it in the past. And there are now many business entities (for-profit, NGOs, and charities) focused on eradicating poverty through lending to the poor without interest charged.

Get wisdom.

#RefutingEndtimeDeceptions
#NoMoreConfusionInTheBodyOfChrist
#RaisingARighteousGeneration


Update (22/06/19):

"Anyone can get a loan! Everyone should be given a loan once they ask for it!!"

That is the slogan of TRUE MICROFINANCING (...not just the "rich" borrower- whether Islamic or not!!)!

According to the father of Microfinance (Mohammad Yunus)- CREDIT/LOANS ARE A FUNDAMENTAL HUMAN RIGHT OF EVERY SINGLE PERSON ON EARTH, ESPECIALLY WOMEN.
And they MUST be assisted maximally to getting out of poverty EVERY SINGLE TIME they show intent to.

N.B: that is 100% Biblical/in conformity with what God commands in scriptures-
1. when people ask of you, borrow them.

2. Do not take (compound/profit-making) interest from the poor with intent to crush and financially enslave them. Lifting them out of poverty should be your aim when you lend to them.

That is also the aim of true MICROFINANCE BANKING SYSTEM. It does not claim to be "non-interest", but the interest charged is not to "maximize profit for a capitalist bank owner"...it is solely to:

a) motivate the borrower to be financially accountable & disciplined

b) cover the cost of the social business

Moreover, the bank is owned by the borrowers anyway, just like your typical cooperative society!!!

[You can read Yunus's books: BANKER TO THE POOR, or BUILDING A SOCIAL BUSINESS, or CREATING A WORLD WITHOUT POVERTY, for more.]

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