Question

mention the sources of in formal credit

Answer 1

nformal sources of credit include credit from traders,relative,friends and moneylenders etc. There is no such organizations to supervise the lending activities of such sources.

→ the main features are

★ rate of interest is higher

★ such sources often use unfaire means to get their money backk

Answer 2

sources are-

1. moneylenders
2. friends
3. large farmers
4. traders

hope it helps u