please answer all parts and fo it if you are 100% sure. also marks are written so give a detailed response accordingly

Question 4: This question pertains to the rural credit market. (25 Marks) I. Why the formal money lending institutions are reluctant to give credit to the rural farmers. Explains with the help of characteristics of rural credit markets. (10) II. Define the concepts of "The lender's risk hypothesis". With the help of equations of repayment of loan and value of collateral, explain the probability of voluntary default. (15)