Loans

Brief Information

This section looks at the level of household debt, main creditors, preferred creditors, and the level of ease with which money can be borrowed.

Summary
As many as 76% of the surveyed households had some sort of debt, most of which had been borrowed from private money lenders (34%), relatives (26.7%), friends (12%), village funds (10.3%), and rural credit cooperatives (8.3%). More than half of the households reported borrowing money to be a difficult task. When the need to borrow arose, relatives (32.5%), private money lenders (29%), and friends (14.4%) were the most preferred source to borrow money from.

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