why do ppl in urban area demand credit
Dear Student,
The following points may help you:
a. People in urban areas seek credit from formal sources which includes banks which grants loans to people , on a reasonable rate of interests, seeks repayment within a stipulated time with a degree of flexibility.
b. They seek credit for building houses, to expand business.
c. People in urban areas also seek car loans, to start a new business venture.
d. They may also take credit to buy a property or for other investment purposes.
Regards
The following points may help you:
a. People in urban areas seek credit from formal sources which includes banks which grants loans to people , on a reasonable rate of interests, seeks repayment within a stipulated time with a degree of flexibility.
b. They seek credit for building houses, to expand business.
c. People in urban areas also seek car loans, to start a new business venture.
d. They may also take credit to buy a property or for other investment purposes.
Regards