Question

2. Poor households are deprived from formal sector loans because
a. They are forced to take loans from the informal sectors
b. They fail to comply with collateral and documentation securities
c. They do not like to go to banks
d. The cost of borrowing is very high
please give me correct answer​

Answer 1

Answer:

option b

Explanation:

Poor households are deprived of the formal sector of loans because they lack proper documents and collateral such as house, livestock or any other property as a guarantee to obtain a bank loan

Answer 2

Answer:

[B]They fail to comply with collateral and documentation securities.

Poor households are deprived of the formal sector of loans because they lack proper documents and collateral such as house, livestock or any other property as a guarantee to obtain a bank loan.

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