defin informal sector loan
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3
These consist of loans from moneylenders, landlords, traders, relatives and friends etc.
They are not under the control of the RBI
The rates of interests are exorbitant
It comprises 48% of the credit in the country
It is mostly taken by poor rural households
They are not under the control of the RBI
The rates of interests are exorbitant
It comprises 48% of the credit in the country
It is mostly taken by poor rural households
avishekrouth:
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Answered by
9
Informal sector loan is a type of micro loan ACLEDA Bank offers to customers who has a small scale business in a market or public gathering place to expand his/her business or to buy materials for business needs.
Benefits:
1. Receiving fair and accurate financial sources for expanding business.
2. Having opportunities to increase profits.
Currency, Loan period and Loan size:
1. This loan is offered in KHR, USD and THB
2. Loan period upto 12 months
3. Loan size up to a maximum of KHR3,000,000, USD700, or THB30,000
Requirements:
1. Being a majority
2. Having a good History, Reputation and Attitude
3. Having own business, sufficient and sustainable income
4. Having a permanent address which is certified by the authority.
Benefits:
1. Receiving fair and accurate financial sources for expanding business.
2. Having opportunities to increase profits.
Currency, Loan period and Loan size:
1. This loan is offered in KHR, USD and THB
2. Loan period upto 12 months
3. Loan size up to a maximum of KHR3,000,000, USD700, or THB30,000
Requirements:
1. Being a majority
2. Having a good History, Reputation and Attitude
3. Having own business, sufficient and sustainable income
4. Having a permanent address which is certified by the authority.
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