What are the reasons why the banks might not be willing to lend to certain borrowers, is it justified
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Banks are not willing to lend to poor because
1. They do not have the assurance of timely return.
2. They also lack collateral.
3. Rich people have resources and can force banks to provide them loan while poor people can't do so.
1. They do not have the assurance of timely return.
2. They also lack collateral.
3. Rich people have resources and can force banks to provide them loan while poor people can't do so.
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