why are the poor households deprived from formal sector loans
Answers
Answered by
3
hey..
There you go!
The poor household deprived from formal sector loans because of the following reasons ....
formal sector of credit requires some terms and condition for taking loan for example collateral ,paperwork etc which are not possible for Poor households because they are illiterate and poor .
Hope uh get it
Plz Brainlist my answer
Answered by
4
poor households are deprived of formal sectors of loan because they are too poor to apply for loans with high intrests and also sometimes they are unaware of the formal sources of credits
in some cases poor households also dont have any kyc collateral or any other formal paper to mark it as rent on banks
Similar questions