Question

Explain with an example, how credit can play a positive and vital role in the life of borrower. ​

Answer 1

Answer:

(i) Credit helps people from all walks of life in setting up their business, increase their income and support their families. (ii) To some people loan helps a lot in constructing their houses and get relief from monthly rent. ... (iv) Example of Salim, The credit helps him and he is able to increase his earnings.