Michael, a professor of Native American origin, went to a nationwide bank to apply for a home loan. The banker told Michael that he does not qualify for a loan. According to
the bank's policy, it is risky to offer loans to minority group members because they are
not likely to hold a steady job. This scenario illustrates

Good job is necessary for gaining the loan.

Explanation:

This scenario illustrates good job is necessary for gaining the loan because the bank wants assurity that the person is able to pay back the loan. If the bank provide loans to the minority group members that have no proper job so they will not be able to pay back the loan and the bank gain great losses which is unacceptable for the bank so that's why the bank provides loan to those people who has a good job.