Social Sciences, asked by 1010010110, 5 months ago

What are the disadvantages of borrowing loan from Informal sector?
pls give a detailed 5 marker ans. You will be marked brainliest for it.

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Answered by Anonymous

Answer:

It charges high rate interest. Informal sectors make loans very expensive as they are no external organizations controlling the credit activities of lenders. b. Informal sector involves high degree of risk.

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What are the disadvantages of borrowing loan from Informal sector?pls give a detailed 5 marker ans. You will be marked brainliest for it.​

Answers

What are the disadvantages of borrowing loan from Informal sector?
pls give a detailed 5 marker ans. You will be marked brainliest for it.