I have a friend who approached me on behalf of his friend to borrow money from me with a 10% monthly interest. I granted the loan and asked my friend to fill up certain form and himself being the guarantor. His friend (who happens to be a doctor) first borrowed 20,000 and then followed it up after a week for another 20,000. After a month, the doctor paid the sum of 20,000 without interest. After a week, the doctor texted me asking for an additional 50,000 loan but I refused and eventually due to her persistence i granted an additional 30,000 cash loan. She issued 2 post dated cheques to cover her loans. After a month, i approached the bank to encash one of the cheques but the bank denied it due to insufficient funds. I tried to contact the doctor but to no avail and my friend promised me to follow it up with his friend. Until now, July and it's been more than 4 months or so, i have not heard anything form the doctor. Can I approach the baranggay to assist me with this problem? What case I can filed against the doctor and my friend who guaranteed the loan and also have his own existing loan from me for 30,000.
Look forward to your prompt assistance.