Question

explain any 2 possible reasoms that people might apply for loans in rural areas.

Answer 1

Hey Guys,

1) For Agriculture work to buy the machines and seeds used for cultivation.
2) Mainly To build houses and buy to expensive things at home .

Thanks.

Answer 2

Residents in rural areas may want to apply for loans due to the following reasons as follows.

In rural areas, there are many dormant agricultural activities that they ned to improved and put into money gener4ating activities.Therefore they may want to apply loans to start up agricultural businesses in rural areas.