An expansion of credit from formal financial institutions to large informal lenders will increase competition among such

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An expansion of credit from formal financial institutions to large informal lenders will increase competition among such lenders and improve the terms of credit for small borrowers with no access to formal credit. Discuss.

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Development Economics

ISBN: 9780691017068

1st Edition

Authors: Debraj Ray

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Question Posted: Dec 16, 2023 01:05 AM

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An expansion of credit from formal financial institutions to large informal lenders will increase competition among such

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Expanding credit from formal financial institutions to large informal lenders can indeed increase competition among these lenders and potentially improve the terms of credit for small borrowers who la...View the full answer

Development Economics

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