One of the primary reasons for the expansion of loans in the formal sector is the growth of the economy.

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[{"selector":"#anim-d394388b-7a5f-4584-955d-31d62b302200","keyframes":{"transform":["translate3d(-104.23281%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-342cf367-8a93-4eec-a266-5fdd99be42ab","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7147a25b-f3fd-4b41-8e42-5bddf3e53beb","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-4c89a3c7-cbcd-4a1f-8a73-e187a7b8a297","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0e559879-3086-4de8-983c-73a4d5151898","keyframes":{"transform":["translate3d(0px, -833.15955%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e6716841-14ed-42f9-815c-d99b76f3649d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-11.657794369332294%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The formal sector provides this capital through loans, which helps businesses grow and create jobs. Learn more

[{"selector":"#anim-2dac1c38-8d03-41aa-9eba-59c52315bb3c","keyframes":{"transform":["translate3d(-104.23281%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dff28e69-4568-4e5b-93c2-d8bdb8a46696","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-148ae577-f3c5-47fa-b73c-00ae75f3f359","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-9fe07a9e-af9b-4634-98b8-48dd7fdbd7ae","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e7e737b4-46f9-41cf-b86c-c9237ccd5a07","keyframes":{"transform":["translate3d(0px, -833.15955%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e1294363-51f9-41d0-bb35-5bab26f100e6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-18.906250253464783%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Another factor that contributes to the expansion of loans in the formal sector is the development of technology. Learn more

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[{"selector":"#anim-63cb2f47-8ca7-4458-a9cf-6e2292e39e57","keyframes":{"transform":["translate3d(-104.23281%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea893fd9-c6df-4dba-9f21-846caf46d15c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-14edae2e-e6d0-49e6-897e-3b79443d5ade","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-c0a3b2ea-70e6-435a-81c1-e7c165d55b50","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aae052dd-ca20-4257-87f5-6f0003ad429f","keyframes":{"transform":["translate3d(0px, -833.15955%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2c05152f-645f-477e-92ec-16c5e631907e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] For example, online lending platforms have made it possible for borrowers to apply for loans and receive funds quickly. Learn more

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