In situations with high risks, credit might create further problems for
borrower. Explain
maximum 5 points
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In situations with high risks, credit might create further problems for
borrower. Explain
maximum 5 points
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Answer:
In situation with high risk, credit might create further problems for borrower. this is also known as dept-trap. taking involves an interest rate on loan And if this is not paid back , then the borrower is forced to give up his collateral and asset used as the guarantee, to the lenders.
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