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Is the warm Yang Yang E loan formal?
Yes

This is a loan method relying on rural credit cooperatives, and it is an exploration of the transformation and upgrading of traditional finance to inclusive finance.

Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.