How do poor households take loans from Informal sources of credit ???� – InterviewSolution

1.	How do poor households take loans from Informal sources of credit ???
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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