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Why is it difficult for poor people to get from the banks |
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Answer» Morons 1) Because banks are not available in rural areas.2) Rural people don\'t take loans from bank because they didn\'t have and sallery template.3) Rural people doesn\'t believe in bank because years ago bank is not available and he knows her grandfather taken a money on moneylender or businesses man etc. 4) So it is difficult for rural people to from the money in bank........... Because banks are not available in rural areas and rural people don\'t take loans from bank it takes on higher interest rate Because banks give lone and take it on higher interest The poor find the process of taking loans from the bank difficult because of lack of proper documents and collateral.Informal sources of loans (moneylenders, relatives, and friends) do not require certain documents and collateral while giving loans and moreover, they are also ready to give fresh loans such without payment of the previous loans. |
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