Is CITIC Rural Cooperative a Legal Financial Institution?

The loan of Zhonghe Rural Credit Cooperative is formal, and the loan of Zhonghe Rural Credit Cooperative is based on credit reporting.

Through formal banks, loans issued by financial institutions are formal, and loans handled by formal institutions will be included in the credit information system.

Zhonghe Rural Credit Cooperative is a formal financial institution. Its origin is a microfinance pilot project of 1996. In 2000, the project was taken over by China Foundation for Poverty Alleviation, and then the Microfinance Project Department, the predecessor of Zhonghe Rural Credit Cooperative, was established. Later, in 2008, this microfinance project department was transformed into Zhonghe Rural Credit Project Management Co., Ltd., 20 1 1, and Zhonghe Rural Credit was connected to the central bank's credit information system. Therefore, the credit information of Zhonghe Rural Credit Cooperative is connected with the central bank's credit information system.

Because the credit information was collected at the loan meeting of Zhonghe Rural Credit Cooperative, it is suggested that the borrower ensure that the loan of Zhonghe Rural Credit Cooperative is a formal loan, because Zhonghe Rural Credit Cooperative is a formal microfinance service institution with a financial license (mainly providing microfinance financial service products to low-and middle-income groups in counties and rural areas). Have good repayment habits, there will be no overdue situation, otherwise it will affect your credit.