Informal Remittances Analysis

The most negative aspect of remittances is the simple fact that they don’t get to see their families and also they spend most of the time working to provide them a better life. One of the main negative aspects is the amount of money they have to pay to send the money back home. In paragraph 2 says: ‘’They may pay 6-15 percent of the remitted amount for the transaction.’’ Which means, it all depends on the quantity of money they are going to send. In addition, paragraph 2 also says ‘’Many immigrants are dissatisfied not only with the poor reliability and speed of the present informal remittance networks.’’ Also the amount of fees they must pay.
Most of the money that they get goes directly to their families and the rest of it it’s for them