who are catered by loans from the informal sector?
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Informal sector loans include loans from moneylenders, traders, employers, relatives, friends etc. Features for informal sector loans are : (i) Their credit activities are not governed by any organisation, therefore they charge higher rate of interest.
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Informal sector loans include loans from moneylenders, traders, employers, relatives, friends etc. Features for informal sector loans are : (i) Their credit activities are not governed by any organisation, therefore they charge higher rate of interest.
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