Students graduating with high debt encounter difficulties in qualifying for home and automobile loans.
The FM proposed to set up a Credit Guarantee Fund to ensure better flow of funds to students.
Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame.
The only people that a bank will loan money to is the very people who don't need it.
They explained to me that the bank cannot lend money to poor people because these people are not creditworthy.
Some people, they got housing loans, and I think they're responsible for taking a loan they didn't qualify for?
All of those loan programs that the federal government administers have flaws.
