People often consider applying for micro-loans in times of liquidity constraints. In rural areas, the same applies for microcredit. How should rural micro-credit be handled in particular? What are the types of rural microcredits

How can rural microloans be financed

#1T1T# RURAL MICROFINANCE PROCESS

If the farmers are in need of financial resources, they can go to local rural credit unions, postal savings banks or agricultural banks for microcredit. However, irrespective of which institution is chosen, the following basic conditions need to be met:

Full civil capacity to pay in full and on time。

2. Personal credit records are good。

3. Other conditions for meeting the requirements of the lending institution。

Prepares the following information: personal valid identity card, residence certificate, income certificate, etc. The loan is then processed according to the following processes:

1. Application for a loan to a loan institution。

2. Submission of detailed loan information。

3. Subject to review by the lending institution。

Following the review, the borrower and the borrower entered into a loan contract and the relevant formalities。

Loan disbursement。

6. Payment in full and on time。

#1T1T# RURAL MICROCREDIT TYPE

#1T1T1T#1. RURAL CREDIT UNIONS MICRO-CREDIT LOANS

Rural credit unions usually provide small credit loans to farmers, which require application for credit cards. Such loans rely mainly on credit, usually at a lower level, usually within $30,000. In addition, the credit union provides a joint-insurance loan, with several farmers forming a joint-insurance team to guarantee each other, with a higher level of credit than individual-credit loans。

#1T1T1T1T5T1T5T2 MICRO-CREDIT FROM POSTAL BANKS

Farmers ' microloans in the postal bank are used mainly for farming, farming or other productive activities related to the development of rural economies. Such loans require guarantees or guarantees from natural persons, up to $50,000。

#1T1T1T1T5T5T5T3 MICRO-CREDIT FOR FARMERS IN AGRICULTURAL BANKS

Small natural person loans for farmers are granted to individual family members and can only be requested by one family member. Agricultural loans are generally not in the form of credit, and applications are made in the form of guarantees, mortgages, pledges or guarantees。

In general, the process of obtaining rural micro-credits is not complicated, and it is only necessary to go to the bank and follow the procedures. Of course, it is important to ensure that it meets the requirements of lending institutions。