majority of the credit need of the household are made from the informal sources
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for a credit from formal source the people need to submit various documentations and also some assets as guarantee and people may even have to wait for the sanction of their LOAN. but on the other hand in informal source we see there is no need of submitting documents and even any assets as guarantee, no need to wait for the loan too, when you ask for it within few mins you will have your money in your hands.
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