In situations with high risks, credit might create further problems for the borrower.
Explain.
A... VIDEO
In situations with high risks, credit might create further problems for the borrower.
Explain.
Ans, credit plays an important role when a person is able to repay it but in situations wion high risk, creatit pushes one boreoner into a situation foom which reconery is vey painful.
* If we take an example of a faemer, who has taken loan at the beginning of the season and repay the loan after harvest.
* Repayment of loan dependent on the income feom farming.
Iiqi, *. In case of crop failure made loan Depayment impossible.
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