why poor people do not get loon easy?
Dear Student
It is difficult for poor people to get loan against any collateral security because they don't have that.Still they can get loans from zamindars, at higher rate of interest.But in present time they can get loan under various schemes run by the government for their upliftment.There are various NGOs who gave zero percent loan to them.So we can said that its difficult for them to get loans against colleteral security otherwise in todays time they can get loan .
Regards
It is difficult for poor people to get loan against any collateral security because they don't have that.Still they can get loans from zamindars, at higher rate of interest.But in present time they can get loan under various schemes run by the government for their upliftment.There are various NGOs who gave zero percent loan to them.So we can said that its difficult for them to get loans against colleteral security otherwise in todays time they can get loan .
Regards