Question

suppose you are a small farmer who need some money you have the option bought a formal and informal sector of credit which one you will choose and why

Answer 1

Formal Sector ...... If u wanna get money in informal way ur Honest As a good person I will choose formal
Like My Answer..

Answer 2

I wil choose a formal sources of credit because formal sources is a bank...it follows some rules and regulations.it would cheat the buyers...it charge very low rate of interest..