The advantages of microfinance are simple procedures, fast lending process and simple procedures; The repayment method is flexible; Wide loan scope; Flexible marketing model; The loan quality is high; Low social risk and so on.

The borrower shall apply to the bank outlets offering small loans. When applying, the borrower should bring ID card, proof of address, proof of stable income source and other related materials, and if it is a merchant, it should also bring a business license; After receiving the lender's application, the bank will review the lender; After passing the examination and approval by the bank, sign a loan contract with the bank; The bank lent money and the lender got the loan smoothly.

For the loan company, the examination of the borrower's relevant qualifications is the premise of signing a loan contract and the necessary procedure for lending behavior. The significance of the review is to evaluate the loan risk and then decide whether the loan transaction is successful.