Question

why is it difficult for poor to get loan from banks​

Answer 1

The poor find the process of taking loans from the bank difficult because of lack of proper documents and collateral. NOTE – Collateral refers to the asset that is owned by the borrower and is used as a guarantee to the lender until the loan is repaid

Answer 2

Heya mate here is ur answer

●The poor find the process of taking loans from the bank difficult because of lack of proper documents and collateral.

●That's why they take loan from their relatives , friends , landlords, etc.

●In villages , people are illiterate so they do not want to go through the process of documentation.

Hope you get ur answer !!!!

Please follow✌✌✌#jagdish1581