Question

why cheap and affordable credit is curcial for the country's development​

Answer 1

Answer:

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The worlds developing regions will see 1.2 billion people added, a 20.7% increase; while the population of developed countries will increase a mere 3.3% adding 41 million to the current 1.3 billion people.

Answer 2

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Cheap and affordable credit is crucial for the country's development due to the following factors: ... Cheap credit means more income would be left with the borrower to reinvest rather than return as interest. This leads to acceleration of economic activity.