lack of access to credit
Lack of access to credit refers to the inability of individuals or businesses to obtain loans or lines of credit from financial institutions for various reasons such as low credit scores, lack of collateral, or limited credit history. This can hinder their ability to invest, grow their businesses, or make important purchases, ultimately impacting their financial stability and opportunities for economic growth.
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Related Concepts (1)
Similar Concepts
- access to capital
- access to markets for rural entrepreneurs
- access to technology
- credit availability
- credit crunch
- discrimination in access to resources
- financial assistance
- financial challenges
- financial crisis
- funding gaps
- inadequate resources
- lack of affordable housing
- microfinance and rural credit facilities
- poverty
- unequal access to resources