why is it difficult for poor to get loan from banks
Jennydsilva:
It is difficult bcoz: limited availability of banks in rural areas, poor people are not comfortable with high delegates of banks, and they do not have proper documentation required by the banks..
Answers
Answered by
23
hello sabermati :))
======================================
Ques:- It is difficult because of the following reasons :))
==================================================
1) They do not have much as collateral.
2) They do not have the required documents.
3) They do not have any source to repay the loan with the interest.
======================================================\
solution :- 1)Cheap loans and low interest rates.
2) self help groups.
===========================
hope it helps you..
====================
#BeBrainly
#Parv_
#AllTheBest.
------------------------
======================================
Ques:- It is difficult because of the following reasons :))
==================================================
1) They do not have much as collateral.
2) They do not have the required documents.
3) They do not have any source to repay the loan with the interest.
======================================================\
solution :- 1)Cheap loans and low interest rates.
2) self help groups.
===========================
hope it helps you..
====================
#BeBrainly
#Parv_
#AllTheBest.
------------------------
Answered by
27
the difficulties for poor to get loan from banna that's was following. .
1) poor people have no proper document for taking line..
2) poor people have no knowledge that's how to take lone. .
1) poor people have no proper document for taking line..
2) poor people have no knowledge that's how to take lone. .
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