Financability
Financability refers to the ability of an individual, household, or business to access and manage financial resources effectively. It encompasses a range of factors that determine how well an entity can meet its financial obligations, achieve its financial goals, and navigate economic challenges.
Key aspects of financability include creditworthiness, which is the likelihood of repaying borrowed money. This is
Furthermore, financability involves prudent financial management. This includes budgeting, saving, investing wisely, and minimizing debt to
For individuals, financability impacts their ability to purchase homes, secure loans for education, and achieve long-term