Talk to some people to find out the credit arrangement that exists in your area. Record your conversation. Note the differences in the terms of credit across people.

I talked to many people living in my area and asked them what are the terms and conditions when they apply for loan and from where do they borrow. Answers were different.

Few said that they don’t borrow money as they can’t afford to repay the debts on time so they stay away from borrowing and lending.

Few of them said that they borrow money from relatives and friends as there is low rate of interest required and sometimes no rate of interest as well.

Few of them said that they borrow money from commercial banks and bank charges high rate of interest and also ask for some collateral and many more documentation formalities etc.

So, these are some views of people regarding credit borrowing from different areas or communities.