To apply for a joint venture loan, we must first set up a joint venture team and sign a joint venture agreement. After these tasks are completed, they are generally handled according to the following procedures:

(1) The team leader is responsible for applying to the rural credit cooperatives for the establishment of a joint insurance group. When applying, the team leader shall provide a written application and valid identity documents, and submit them to the credit counter of rural credit cooperatives.

(2) After accepting the application, the rural credit cooperatives shall instruct to fill in the Approval Form for Loan Application of Members of the Joint Guarantee Team and forward it to the account manager of the rural credit cooperatives for investigation. The main contents of the investigation are whether the group members meet the conditions for joining the joint guarantee group and their credit status.

(3) After the account manager investigates, he writes an investigation report and puts forward preliminary opinions. Rural credit cooperatives will decide whether to issue loans and the maximum amount, duration and interest rate of loans according to internal procedures.

(4) For the decision of the rural credit cooperatives, if the joint guarantee team agrees, the account manager and the members of the joint guarantee team will sign the joint guarantee loan contract for farmers and individual households, and sign and seal them respectively.

(5) The head of the joint guarantee team shall open a joint guarantee team mutual fund deposit account in rural credit cooperatives according to the contract. (6) If the members of the joint guarantee team need a loan, they should fill in the loan approval (approval) form for the members of the joint guarantee team, deposit a demand deposit of not less than 5% of the loan amount in the rural credit cooperatives, fill in the loan voucher, go through the loan formalities at the account manager or directly go to the credit counter, and detain the mutual funds of the group according to the proportion of the loan amount 1%. Rural credit cooperatives shall issue loans after examining and approving the relevant materials.