In a financial system who are the borrowers?

In a financial system, borrowers are individuals, businesses, or governments that seek funds to finance their activities or projects. They may take out loans from banks, issue bonds, or use other financial instruments to obtain the necessary capital. Borrowers typically agree to repay the borrowed amount along with interest over a specified period. Their need for funds often arises from goals like purchasing a home, expanding a business, or funding public projects.