Absolutely Not! There is a saying, Ben Franklin I believe....Never a borrower nor a lender be.
I have been very true to this idea in my life because as soon as you loan money you feel somehow you own part of the result.
My attitude is if you have someone in need in your life then give freely, if at all, with no strings attached. If you have faith in them and are comfortable in the way they will use the money then proceed. If not ..... well then don't.
I give and spend my money where and with whom I am comfortable. I the spending or giving does not align with my principles then I don't. Simple rule that.....
The other question I always ask myself is do the people nearest and dearest to me have what they need......if the answer is no......I do not give outside of my healthy circle.