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Homeloans for poor in bangalore

loans for poor in bangalore

Economy

Here’s why bank loans aren’t meant for Bengaluru’s poor

October 12, 2015 Navya P K

Poor in Bengaluru trapped in the vicious circle of money-lending are unable to get bank loans. Structurally the poor are designed to be left out of the banking system, as banks cannot determine either their ability or intent to repay loans.

Economy

Bengaluru’s slum dwellers: trapped, bankrupt and poor forever

October 5, 2015 Navya P K

While most of us don’t understand why poorest of the poor in the society remain so for decades, here is a reality check that reveals the darker side of the story: an atrocious circle of borrowing, spending and borrowing again, to make ends meet, and remaining poor forever.

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