1. If the loan is not repaid, both the borrower and the guarantor will be prosecuted and the property will be executed. If individuals are jointly and severally liable, then family property will also be executed.

2. Microfinance is generally a guarantee for the borrower's husband and wife to bear joint liability. If children do not inherit property and your parents do not transfer property, then children generally have no obligation to repay. But if you are a volunteer, that's another matter.

3. If neither the borrower nor the guarantor has executable property after prosecution, the loan may be written off in the end.

Your father's credit record is not good, so your parents can't borrow it any more.