(2) Have the ability to repay the loan principal and interest on schedule.
(3) The production and business operation activities conform to the national laws, regulations and industrial policies.
(4) Other information of the Bank.
Characteristics of farmers' microfinance:
1, the loan method is flexible. Eligible farmers can apply for loans in various ways, such as guarantee, mortgage, pledge and farmers' joint guarantee.
2. Flexible payment methods. According to the different ways of using funds, farmers' microfinance can be divided into self-help recovery and general methods. Under the self-service recovery mode, within the approved maximum amount and time limit, the borrower can withdraw money for repayment by self-service borrowing; Under normal circumstances, we will make a one-time loan to the borrower and recover it in one time or by stages. The specific payment method is decided by the borrower and our bank through consultation.
3. Deposit interest. Under the self-service recovery mode, farmers' small loans bear interest according to the actual days of loan use, which can minimize the interest expenses of borrowers.
Extended data:
The Agricultural Bank of China issued the Administrative Measures for Internet Microfinance Business of Agricultural Bank of China (Trial), which is the first basic management system issued by the Agricultural Bank for the Internet loan business of small and micro enterprises with a single credit of100000 yuan (hereinafter referred to as "microfinance business"), aiming at creating a brand-new online, batch, automated, industrialized and convenient microfinance service model.
Improving the availability and convenience of small and micro customers' loans is an important institutional innovation for China Agricultural Bank to deepen small and micro financial services, grasp the development law of small loans and adapt to the online development trend of small loans.
The Measures fully embodies the online operation characteristics of microfinance business, implements the principle of "small amount and high efficiency", uses the Internet and big data technology, relies on the information platform, collects and integrates data from various channels, establishes and applies various evaluation and decision-making models, implements online operation and automatic approval, and realizes batch customer acquisition, rapid approval and convenient use of credit.
The Measures clarify the definition, basic access conditions and loan elements of microfinance business;
It is stipulated that entrepreneurship must have three basic elements: system platform, customer data and risk control model, adhere to the principle of "system control first, manual intervention second and data authenticity first", and use the risk control model to realize online automation of automatic approval, automatic lending and automatic risk warning and disposal;
It stipulates five basic principles: legal compliance, real operation, convenience and speed, batch operation and risk control;
Clearly formulate the "three-step" business process of overall business plan → supporting product system → online risk control model;
It stipulates the management requirements of information verification, "white list" access, business approval, credit review, post-loan management and other business links;
At the same time, according to the differentiated characteristics of small and micro customer clusters, six batch service modes are defined: convenient loan, supply chain, government credit enhancement, e-commerce platform, regional cluster and industrial cluster.
Promote the transformation of ABC's microfinance services from single-point fragmented marketing to batch clustered marketing, from manual control to automatic data model control, from high cost and low efficiency to "small decentralized and efficient", and comprehensively improve the level of microfinance services.
References:
Agricultural Bank of China-Micro-credit loans for farmers