Formal vs Informal Credit Mechanism - Thought to ponder on.

 Today while talking to an uber driver - I came to know that almost all drivers resort in some credit activities to roll over the money - and he also said credit card is not easily available to us; so we go for approx. 4.5% to 5% credit through un-organised mediums offering credit.

At other interaction in past - I came to know that Subjiwala's take credit of 5k to 6k (again from un-organised medium offering credit); and at EOD pays Rs. 100 in lieu for that credit - do you know the percentage.....It's HUUUGEEEEE.

Now, this kept me thinking - how much credit the formal economy offers to its own citizens?

Why not a mechanism where we tap these market of drivers, subjiwala's, pani puri wala's, etc.

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