Question

the credit activities of the informal sources should be discouraged. support the statement with arguments​

Answer 1

“The credit activities of the informal sector should be discouraged ... Answer: The credit activities of the informal sector should be discouraged because: 85% of loans taken by the poor households in the urban areas are from informal sources. ... Higher cost of borrowing means a larger part of the earnings of the borrowers is used to repay the loan.

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