Question

Give,a reason to poor people in rural areas preferring to borrow funds from money lenders or ownerployers

Answer 1

Step-by-step explanation:

what kind of reason?? poor people lend money to start up a new business or it is due to their difficulties and some die when they can't pay back

Answer 2

✨Heyyy mate ✨

the reason is :

✔️ Because bank are not available in all parts of the country . specifically in rural areas

✔️ Even if they are present then getting loan from bank is more difficult

✔️ bank loans require , proper documents and collateral

✔️ Absence of collateral is one of the major reason which rural people preferring to borrow funds From money lenders

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