Even for the kid looking for the loan. What happens when you’re a week late with a payment from a bank. Eh, maybe a late fee. If you’re a week late with a payment to a private individual? Harassing phone calls? Court? Big dude on your doorstep with a shovel?
Get a loan from a bank. You might have to pay out the ass on interest, but such is the nature of borrowing money for something when you’re young with no credit history.