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Domestic factors that contribute to development, Adv:
increase…
-
Adv:
- increase consumption
- lend small credit
- spent on equipment to start the business
- fewer formal requirements e.g credit history checks
Diadv:
- Not shown to improve women's empowerment
- Businesses tend to remain informal
- Individuals do not use credit to raise future prospects, but spend short term to alleviate current difficulties
- Interest rates