Formal microfinance companies are absolutely reliable, because these companies are all non-bank financial institutions approved by law and verified by the industrial and commercial departments, and the conditions for establishment are extremely harsh, so formal microfinance companies can be trusted. But in today's society, everyone has it, and he will swindle and cheat under the banner of microfinance companies. Therefore, lenders must be extremely careful to see whether the microfinance company is true or not, and act cautiously to avoid being fooled.