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Do you need a guarantor for small loans in rural credit cooperatives?
the required

is divided into two forms: general guarantee liability and joint guarantee liability, which shall be subject to the agreement of the parties.

1. The guarantor of a general guarantee may refuse to undertake the guarantee liability to the creditor before the main contract dispute has been tried or arbitrated and the debtor's property is enforced according to law.

2. If the debtor of joint and several liability guarantee fails to perform the debt at the expiration of the debt performance period stipulated in the main contract, the creditor may require the debtor to perform the debt, or may require the guarantor to assume the guarantee liability within the scope of its guarantee.

Any person with certain property and capacity for civil conduct can be a guarantor, except those limited by laws and administrative regulations.