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Question
Compare formal sector loans with informal sector of loans regarding interest only.
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Solution
Formal sector loans can be taken at low rate of interest. On the other hand, informal sector loans are available at high interest rate.
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RELATED QUESTIONS
Explain with an example, how credit plays a vital and positive role for development.
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|
Occupations |
Reason for needing a Loan |
|
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|
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|
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|
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