Does the guarantor of Yiwu Post's small guarantee insurance loan bear the responsibility?

Need. The guarantor shall sign a guarantee contract with the lender, and the guaranteed loan provided by the guarantor for the borrower shall be a full joint liability guarantee. During the guarantee period, if the guarantor is a legal person or other economic organization, in case of change, cancellation or bankruptcy, the borrower shall notify the lending bank in writing 30 days in advance, and guarantee that all rights and obligations under this contract will be borne by the changed institution or the institution that made the cancellation decision on the guarantor. If the lender believes that the changed institution does not have the full guarantee ability, the changed institution or the institution that made the cancellation decision has the obligation to implement the new guarantor accepted by the lender. If the guarantor is a natural person, in case of death. If the borrower is declared missing or incapacitated for civil conduct, it shall immediately notify the lending bank, which has the right to require the borrower to provide a new guarantee.