Local farmers can borrow money from local rural credit cooperatives without mortgage or guarantee. Rural credit cooperatives can apply for unsecured loans, although they do not need to provide collateral, they need to provide guarantors. Under normal circumstances, credit cooperatives require loan guarantors to be civil servants or institutions.

The unsecured loans of rural credit cooperatives are small loans, and the loan amount is not high, generally within tens of thousands of yuan. When applying for unsecured loans to rural credit cooperatives, borrowers should provide loan materials such as proof of repayment ability in addition to guarantors.

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