Highlight four reasons why loans advanced by commercial bank in Kenya may not appeal to many people

      

Highlight four reasons why loans advanced by commercial bank in Kenya may not appeal to
many people

  

Answers


Winnie
- High rate of interest charged on these loans
- Poor profits as a result of poor economy
- Individuals and firms may have cheaper source of loans
- Involve lengthy formalities
- Many people fear the consequences of failing to pay the loans
- Many people do not have recognized property that they can
offer as security for
Wincate 1 answered the question on September 21, 2017 at 14:22


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