Question

Advance and disadvantages of loan

Answer 1

Answer:

advantage - help in proceeding life and money can be used to set up buisness ,marriage of poor girl.

Disadvantage - people can get into cycle of debt.

Answer 2

Answer:

Advantages of loans are:-

1. It help to start business,and make profit

2. It helps in changing the life style of a person

3. It helps poor to start his or her own small business and make profit

Disadvantages of loans are:-

1. It can bring a person into debt trap

2. Person who was poor and had taken loan to make her or his life better can suffer into more problems

3.Some who takes loan and falls into debt trap have to sell his or her assets to repay the loan

Thank you