Why are poor households still dependent on informal sources of credit? Give four reasons
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loans that are given by money lenders friend and relatives are called informal source of credit they are not supervised by Reserve Bank of India RBI they can lend money at interest rate and use any means to get back their money bolivar is not required to submit colleges and documents that's why poor households still depend on informal source of credit
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Answer:
Hii
Loans that are given by money lenders friend and relatives are called informal source of credit they are not supervised by RBI they can lend money at interest rate and use any means to get back their money bolivar is not required to submit colleges and documents that's why poor household still depend on informal sources of credit.
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