Fill the following table :
Salim | Swapna | |
---|---|---|
Why did they need credit? | ||
What was the risk? | ||
What was the outcome? |
Salim | Swapna | |
---|---|---|
Why did they need credit? | To procure raw material and meet other expenses | To meet the expenses of farming. |
What was the risk? | If he did not provide the shoes within a month, the order received by him would be considered terminated. |
The crop could have been ruined. |
What was the outcome? | He made a good profit by supplying 3,000 pairs of shoes on time. | Due to the failure of the crop, Swapna got trapped in the debt trap due to not being able to repay the loan on time. He had to sell a part of his land to pay off the loan. |
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