You are earning some extra income using small loans to buy and sell vehicle parts in rural villages along your bus routes. You've become a reliable borrower. One day you receive an SMS saying you're eligible for the MFI’s personal loan product.
Should you take the loan?
You've made some good friends in the savings club. But now that you've established a credit rating, you decide to apply for the MFI loan.
Your savings club has been supporting you a lot. Staying with the group, you'll be able to save up for a bus without going into debt.
Related findings factor Economic Hierarchies
