Microfinance refers to the microfinance provided by banks or other financial institutions to customers to meet their daily life or personal consumption needs. Usually, the amount of small loans is small, ranging from several thousand yuan to tens of thousands of yuan, and the loan period is short, ranging from 6 months to 1 year. The approval period of small loans is short, and customers can quickly approve loans by providing basic personal information and asset certificates. The interest rate of small loans is relatively high.