Haohui Ren is not an intermediary. According to the inquiry on the official website of Haohuizuo, we learned that Haohuizui is a personal consumption credit product open to individuals and operated by Beijing Fanfu Technology Development Co., Ltd. It is not an intermediary. A loan refers to the act of a borrower borrowing a certain amount of funds from a lending institution (such as a bank, financial institution or individual) and repaying the loan according to the agreed terms and period.