: Loan products of rural credit cooperatives
1. Farmers' Microfinance
Micro-loan for farmers is an unsecured loan issued by rural credit cooperatives to farmers within the approved quota and time limit according to their reputation. Farmer microfinance is a product specially developed by rural credit cooperatives according to the characteristics of farmers' production and operation. It is a characteristic product of rural credit cooperatives. The management measures of "one-time approval, useful loans, balance control and recycling" are implemented for farmers' microfinance.
application area
Rural registered farmers who are mainly engaged in rural land farming or other production and business activities related to rural economic development.
operation flow
(1) Credit rating of farmers. Mainly according to the basic situation of farmers, assets and liabilities, production and operation status, reputation and other indicators to evaluate. The credit rating of farmers is divided into three grades: excellent, good and general.
(2) Verify the credit line of farmers. Rural credit cooperatives shall, according to the evaluation results of farmers' credit rating, farmers' capital demand and credit line application, verify the corresponding credit line.
(3) loan issuance certificate. Every household has a 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 a contract after being audited by the credit counter personnel (or door-to-door counter personnel), fill in the loan receipt, and farmers can use the loan according to the regulations.
(6) Repay on time. The borrower shall repay the loan principal and interest in accordance with the loan contract.
2. Farmers' joint guarantee loans
Farmers' joint guarantee loan is a loan issued by rural credit cooperatives to members of the joint guarantee team composed of community residents, and the members of the joint guarantee team bear joint liability. The joint insurance group consists of borrowers living in the service area of rural credit cooperatives, generally not less than 5 households. Rural credit cooperatives shall, according to the actual loan demand, repayment ability, credit record and compensation ability of the members of the joint guarantee team, approve the loan amount of the members of the joint guarantee team. Members of the United Insurance Group have the same loan limit. The maximum loan limit of a single member of the UNPROFOR team is determined according to the local economic development, the income and demand of local residents, and the fund supply of rural credit cooperatives. The validity period of the joint guarantee agreement shall be determined by both parties through consultation, but the longest period shall not exceed 3 years. * * * Upon the expiration of the insurance agreement, the insurance can be renewed with the consent of the rural credit cooperatives. During the validity period of the joint guarantee agreement, the borrower can use the loan within the original loan amount. The term of the joint guarantee loan shall be determined by the rural credit cooperatives according to the term of the borrower's production and business activities, but the longest term shall not exceed the term stipulated in the joint guarantee agreement.