A. Economic 1. Has the family used credit or borrowed money from non- relatives/ friends to meet specific needs such as food, medical expenses, bereavement etc.? (specify the intent for borrowing money)
Answer (1)
Yes, these are actually valid reasons for asking for a loan from relatives or friends. An immediate or emergency need that has to be addressed as soon as possible is a valid reason because it is most likely a matter affecting life.Despite working industriously and honestly, there will be times when the money we have is not enough. If someone in the family dies, if there is a medical emergency, you will need money right away. Most of the time, families who do not earn a lot will have to choose between their basic needs (food, rent, utility bills, medicine) or the emergency.
