Question

Providing credit to borrowers who may be faced with high risk situations alleviates the underlying problem further"". Elucidate with examples.

Answer 1

Answer:

mostly informal credit is not correct but it is easy to get money in a difficult situation

many of them says that the person who gives informal credit are so cruel but not every people

some people who gets from a person and cheats him this make the giver to suffer, in a belief only they gives money but there are some people who cheats the giver without paying the intrest and escape, this makes the givers to do such cruel activities because of some cheating peoples

thank you