Question

why is it difficult to take loan from formal source and especially for the poor? what values is missing in informal source of credit?​

Answer 1

yeah it is difficult to take loan for the poor as the bank or some where from which they taking the loan is not perfectly sure that the poor might return the lone with the including tax on it.

Answer 2

HeyMate♥️...

______________ItzCrazyGirl❤️___...

➡️ In rural areas banks are not present everywhere.

➡️it is easy to get loan from informal sources than to take from the bank.

➡️It prevents poor from getting loan in the absence of collateral.
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i HoPe It HeLps YoU...✌️