A HOUSE LOAN Terms of Credit Every loan agreement specifies an interest rate which the borrower must pay to the lender along with the repayment of the principal. In addition, lenders may de
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VARIETY OF CREDIT ARRANGEMENTS Example of a Village Rohit and Ranjan had finished reading about the terms of credit in the class. They were eager to know the various credit arrangements that exi
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LOANS FROM COOPERATIVES Besides banks, the other major source of cheap credit in rural areas are the cooperative societies (or cooperatives). Members of a cooperative pool their resources for
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