Why do the rural borrowers depend on tha informal sector for credit .what Steps can be taken in encourage them to take loan From tha formal source
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Explanation:
The rural borrowers depend on the informal sector for credit because : (i) Absense of collateral and documentation with rural borrowers. (ii) Flexible loans in term of timelines, interest rates, procedural requirements etc. ... Members can take small loans from the groups to meet their requirements
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The rural borrowers depend on the informal sector for credit because : (i) Absense of collateral and documentation with rural borrowers. (ii) Flexible loans in term of timelines, interest rates, procedural requirements etc. ... Members can take small loans from the groups to meet their requirements.
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