Question

Anam Syed is a government employee and belongs to a rich household, whereas Sneha is a construction worker
and comes from a poor rural household. Both are in need and wish to take loan. Create a list of arguments
explaining who between the two would successfully be able to arrange money from a formal source. Why?

Answer 1

Answer:

Explanation:

Anam is more likely  to able to successfully arrange money from a formal source. This is due to the fact that Anam might have assets that can be used as collateral. Anam also has access to more information than Sneha.

Anam is also more likely to have a steady paycheck. This might make it more likely for Anam to get a loan. Sneha might have difficulty in obtaining money from a formal source due to the nature of his work. Due to the fact that he comes from a poor household, he might lack assets to use as collateral.