Question

carry a very high interest rate an
little to increase the income a
borrowers. Thus, it is neces
that banks and cooperat
increase their lending particu
in the rural areas, so that
dependence on informal so
of credit reduces.
LET'S WORK THESE OUT
What are the differences between formal and inform
Why should credit at reasonable rates be available
Should there be a supervisor, such as the Reserve
loan activities of informal lenders? Why would its ta
Why do you think that the share of formal sector credit
compared to the poorer households?
DO YOU THINK A BANK
WILL GIVE ME A
LOAN?​

Answer 1

Answer:

yes give you bank loans when you do good transactions

Answer 2

Answer:

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