how are the high interest rates on loan harmful
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the high interest rates on loans are harmful because this may discourage poor people to avail loans . This high rate of interest is usually imposed by informal source of credit (eg . moneylenders) . this may also lead to debt trap
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The high interest rates on loans are harmful because this may discourage poor people to avail loans . This high rate of interest is usually imposed by informal source of credit (eg . moneylenders) . this may also lead to debt trap.
Explanation:
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