Microfinance companies are limited liability companies or joint stock limited companies established by natural persons, corporate legal persons and other social organizations that do not absorb public deposits and operate microfinance business. Compared with banks, small loan companies are more convenient and faster, and are suitable for the capital needs of small and medium-sized enterprises and individual industrial and commercial households; Compared with private lending, microfinance is more standardized, and loan interest can be negotiated by both parties. \x0d\ The microfinance company is an enterprise legal person, with independent legal person property and legal person property rights, and bears civil liability for its debts with all its property. Shareholders of small loan companies enjoy the right to return on assets, participate in major decisions and choose managers according to law, and are liable to the company to the extent of their subscribed capital contribution or subscribed shares. \x0d\ Microfinance companies shall abide by national laws and administrative regulations, implement national financial policies, implement financial standards and accounting systems for financial enterprises, and accept the supervision and management of governments at all levels and relevant departments according to law. \x0d\ Microfinance companies shall implement the national financial policies, conduct business within the scope prescribed by laws and regulations, operate independently, be responsible for their own profits and losses, and be self-disciplined, and bear their own risks. Their legitimate business activities shall be protected by law and shall not be interfered by any unit or individual.