why do poor house holds depends on informal credits till today ? explain
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Poor households still depend on informal sources of credit because: ... Informal sources of credit such as moneylenders know the borrowers personally and are often willing to give a loan without a collateral. Sometimes, if the borrowers are unable to return the loan, they can get additional loans from moneylenders.
Answered by
5
Answer:
Poor households still depend on informal sources of credit because: ... Informal sources of credit such as moneylenders know the borrowers personally and are often willing to give a loan without a collateral. Sometimes, if the borrowers are unable to return the loan, they can get additional loans from moneylenders.
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