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|Write a letter to the bank manager to provide more loans to local traders since they depend on local lenders with high interest for their day-to-day business.|
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Kokila Nagar, Sec 20
Date: 21st November 2021
The Bank Manager,
New Street 22
Subject- To provide more loans to local traders
I am writing this letter to bring to your attention that due to the less loan disbursement to the local traders by your bank, they are highly dependent on local lenders to meet the expenses related to the day to day business activities.
These local lenders in turn exploit the traders by charging higher rates of interest as compared to the banks. Lack of availability of loan facilities by the banks, the village or local mahajan continues to be an indispensable source of credit to the traders. There is so much corruption and so many cases of traders being asked to repay loans they have never taken or to repay much more interest.
So this is my utmost request to grant more loans to the local traders to save them from such exploitation.