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If you would not mind not having the extra 2k for yourself and if family matters to you like it does to me. Agree to loan it to him and just say you have been a good uncle or whatever and sure here is the money pay me back when you can.
If time passes and you never get any payments or he shrugs it off wait for a holiday and dismiss the debt.
You can earn more money but its pretty hard to earn a relative.
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