Economy, asked by sakshi7462, 1 year ago

“Help borrower to overcome the problem of lack of collateral". Examine the statement.​

Answers

Answered by chathuryarao
3

Explanation:

collateral is property of the credit borrower like land house etc which are assured for the loan

having no collateral is the major cause for many poor people to take loan from formal sectors so they take loan from informal sector at high rate of interest

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