Q)Most of the poor households are still dependent on informal sources

1.	Q)Most of the poor households are still dependent on informal sources of credit: Explainthe statement.
Answer» Answer: Poor households still DEPEND on informal sources of credit because: Bank loans REQUIRE proper documentation and collateral which is RARELY available with poor households. Informal sources of credit such as moneylenders know the borrowers personally and are often WILLING to give a loan WITHOUT a collateral.

Q)Most of the poor households are still dependent on informal sources of credit: Explainthe statement.

Answer»

Answer:

Poor households still DEPEND on informal sources of credit because: Bank loans REQUIRE proper documentation and collateral which is RARELY available with poor households. Informal sources of credit such as moneylenders know the borrowers personally and are often WILLING to give a loan WITHOUT a collateral.

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Q)Most of the poor households are still dependent on informal sources of credit: Explainthe statement.​

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Q)Most of the poor households are still dependent on informal sources of credit: Explainthe statement.