Question

informal sources of credit does include

Answer 1

HeYā MāTe ❤️

Here is Your AnSweR ;-

¶ The informal lenders include moneylenders, traders, employee, relatives, friends, etc.

¶ They can lend at whatever interest rate they choose.

¶ There is no one to stop them from using unfair means to get money back.


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Answer 2

Informal sources of credit include:
1) Loan form moneylenders.
2) Loan from relatives.
3) Loan from friends.
4) Loan from traders,etc.

Informal sources of credit include all the above They charge large interest rate.

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