The guarantee mode of micro-loan business introduced by China Credit Cooperatives and China Postal Savings Bank is characterized by no mortgage, but it needs five merchants [or farmers] to jointly guarantee, and the five households are jointly liable. As long as one household has bad credit or related problems, the other four households are jointly and severally liable. Specific requirements: These five users have the same economic background, operating conditions and repayment strength, and meet the conditions of joint guarantee. Merchant joint guarantee loan: refers to a joint guarantee team composed of five individual industrial and commercial households or sole proprietorship business owners with business licenses. Without other guarantees, they can apply for loans from credit cooperatives or China Postal Savings Bank. The maximum loan amount for each merchant is temporarily 654.38 million yuan (200,000 yuan in some areas). Farmers' joint guarantee loan: It means that five farmers form a joint guarantee group and can apply for loans from credit cooperatives or China Postal Savings Bank without other guarantees. The maximum loan amount for each household is temporarily 50,000 yuan. Handling process: the borrower only needs to form a joint guarantee team or find a guarantor and bring his ID card. If the merchant still needs to carry a business license, he/she will apply to the outlets that provide small loans and accept the investigation and approval. You can get a loan after signing the contract, and you can get a loan within 3 days at the earliest. This is a new credit policy guided by the China administration to China's financial industry since the financial crisis influenced by the United States, which has played a very good role in supporting the development of small enterprises and promoting consumption.