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As someone who lends the money to your friend....

What are you going to do if they begging to you to less the amount?
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SW-User
It's obvious they can't pay it back so, I'd reduce the amount to what they can afford.

FYI, I never lend money I'm not willing to lose. The fact is, most people who are in a bind and need to borrow money, will generally keep borrowing money to pay other debts they owe.