Merits of informal sector credit
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Hyyy....
Here is ur answer...
INFORMAL SECTOR CREDIT
1. it consists of money lenders traders employees landowners etc which are not supervised by any organisation.
2. they usually give loans at a high rate interest rate which means that the cost of the loan is very high to the borrower.
3. usually the informal sector do not require extensive documentation for giving the loan.
Hope it helps
Thanks..
Here is ur answer...
INFORMAL SECTOR CREDIT
1. it consists of money lenders traders employees landowners etc which are not supervised by any organisation.
2. they usually give loans at a high rate interest rate which means that the cost of the loan is very high to the borrower.
3. usually the informal sector do not require extensive documentation for giving the loan.
Hope it helps
Thanks..
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