Borrowing

Financial Literacy: Borrowing

Loans and the Cost of Debt are covered in Session III of the Samhita Financial Literacy program.

Participants are exposed to the following topics:

    • Appropriate expenses for which a loan may be considered
    • Different sources/institutions providing loans
    • Comparing different forms and sources of debt
    • Understanding the conditions of repayment before taking a loan
    • Determining loan repayment capacity
    • Hazards of taking multiple loans