Social Sciences, asked by rixtarrgillin, 4 months ago

poor households still depends on informal source of income credit explain with example​

Answers

Answered by Aʙʜɪɪ69
6

Explanation:

  • Poor households still depend on informal sources of credit because: Bank loans require proper documentation and collateral which is rarely available with poor households. Informal sources of credit such as moneylenders know the borrowers personally and are often willing to give a loan without a collateral.
Answered by angelinahoney0902
1

Answer:

Hope this answer helps you

Attachments:
Similar questions