The Brainliest Answer!
1)bank are not present everywhere
2)collateral is required
3)documentation requirements are higher
4)process is lengthy and time consuming

1 5 1
hope it helped you if yes plzz mark as best
how to do that?????
plz mark as best
theres an option after my answer
because in order to go for formal sector
1 they cannot provide collateral
2 banks do not agree to give loans to these people
3 it is a lengthy process 
4 the require documents which they do not have
5 most of them do not know about formal sources