The REAL COSTS of CREDIT ACCESS Quarterly Journal of Qje Oxfordjournals Form

Instructions and help about THE REAL COSTS OF CREDIT ACCESS Quarterly Journal Of Qje Oxfordjournals

as per search out of total population of around 140 CR people in India more than 80 CR people are from rural India and more than 90% people have income below levels of 3 lakh a year just take a moment to digest this fact today there are millions of small business vendors that fall into your lower income to Middle income category that are not able to grow because of lack of credit facility while it's very easy for big corporates to take loan worth crores people at bought of the pyramid don't even get loans for few thousand rupe so it's a no-brainer that for India to become a 5 trillion 10 trillion economy it has to serve the small vendors and local business owner of the country the problem is majority of the small business vendor don't have proper documentation or credit history and these loans are unsecured so if the business fail borrower might default on the loan payment and this is the reason micr finance that basically deals in giving credit facility to small business vendors has a