Informal example sentences

This feature is reflected, for instance, in the distance between houses in a colony, the location of rooms within a home, or in the arrangement of work desks and seats in an office for formal and informal gatherings.Informal lenders such as moneylenders, on the other hand, know the borrowers personally and hence are often willing to give a loan without collateral.Workers chit chating in a canteen about the behaviour of the superior, discussing about rumours that some employees are likely to be transferred are some examples of informal communications.For example, moneylenders in the informal sector that you read about in Chapter 3 adopt various tricks to bind the borrower: they could make the producer sell the produce to them at a low rate in return for a timely loan; they could force a small farmer like Swapna to sell her land to pay back the loan.You can see that 85 per cent of the loans taken by poor households in the urban areas are from informal sources.Apart from formal communications, informal or grapevine communications also exist.Most of us are familiar with crowds, which are large informal groups of persons coming together temporarily without any particular goal.These can be either formal sources or informal sources.The informal communication arises out of needs of employees to exchange their views, which cannot be done through formal channels.Compared to the formal lenders, most of the informal lenders charge a much higher interest on loans.Most loans from informal lenders carry a very high interest rate and do little to increase the income of the borrowers.An intelligent manager should make use of positive aspects of informal channels and minimise negative aspects of this channel of communication.The informal lenders include moneylenders, traders, employers, relatives and friends, etc.On the other hand, informal assessment varies from case to case and from one assessor to another and, therefore, is open to subjective interpretations.It is essential that the total formal sector credit increases so that the dependence on the more expensive informal credit becomes less.