Micro-credit loans for farmers are credit loans granted by rural credit cooperatives to farmers without mortgage guarantee within the approved quota and time limit. Micro-credit loan for farmers is a product specially developed by rural credit cooperatives according to the characteristics of farmers' production and operation, and it is a characteristic product of rural credit cooperatives.
For farmers with rural hukou, mainly engaged in rural land cultivation or other production and business activities related to rural economic development, the management mode of "one-time approval, borrowing and using, balance control and recycling" is implemented.
What is the process of micro-credit loans for farmers? Let's look at the official instructions.
(1) Credit rating of farmers. Mainly according to the basic situation of farmers, assets and liabilities, production and operation, reputation and other indicators to evaluate. The credit rating of farmers is divided into three grades: excellent, good and general.
(2) Approved the credit line of farmers. Rural credit cooperatives shall, according to the results of farmers' credit rating, farmers' capital demand and credit line application, verify the credit loan limit of the corresponding grade.
(3) Issuing loan vouchers. Take households as the unit, and each household has one certificate.
(4) loan application. When farmers apply for loans, they can apply for loans within the credit line with their loan certificates and valid ID cards (or household registration books).
(5) loan issuance. After receiving the loan application from farmers, the rural credit cooperatives sign the contract after being examined by the credit account manager, fill in the loan receipt and handle the loan issuance.
(6) Repayment on schedule. The borrower shall repay the loan principal and interest in accordance with the loan contract.