Should there be a supervisor, such as the Reserve Bank of India,

Should there be a supervisor, such as the Reserve Bank of India, that looks into the loan activities of informal lenders? Why would its task be quite difficult?

There should be a supervisor for checking the loan activities of informal lenders. However, its task, is quite difficult because informal sector constitutes many people who have different kind of business of their own, besides lending. They are not registered with the government.