Economy, asked by MrGreenBeans, 9 months ago

why do people from the rural areas borrow money from informal sectors?pls explain

Answers

Answered by daivikchauhan11

Answer:

because in rural areas the villagers don't have proper documentation and therefore they can't borrow money from formal sectors that's why they have to borrow from informal sectors,where the rate of interset is very high

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why do people from the rural areas borrow money from informal sectors?pls explain​

Answers

why do people from the rural areas borrow money from informal sectors?pls explain