Micro-credit is under the banner of poverty alleviation, but its evil essence is exposed by the repayment method of high interest rate, high penalty and equal principal and interest and the underworld collection method. The most vicious thing about microfinance is the repayment method of high interest and equal monthly principal and interest. This is absolutely beneficial to lenders, but unfair to lenders. Think about it. Private usury only charges more interest, but borrowers can use the principal from beginning to end, and small loans with equal monthly principal and interest will never let borrowers use the money from beginning to end. Once the debtor is overdue, the limited sum of money given by the lender to the debtor is like a geometric snowball, dragging the debtor into a trap. As a result, the debtor can no longer pay back the money and become a slave to the lender to make money. They insult the debtor's personality, destroy the interpersonal network and make the debtor live in extreme pain until they destroy the debtor's fragile psychological defense line and lead the debtor to commit suicide. It can be seen that microfinance is actually a sugar-coated cannonball with blue fangs hidden behind its gorgeous appearance. It is like a poisonous snake, spitting poisonous letters, waiting for good people to be fooled. It is always ready to suck your blood and sweat, break up your family, ruin your future and devour your life. Microfinance is a trap set by the devil for human beings. This market-oriented and commercialized micro-credit loan will inevitably lead to the illegal entry of some mercenary non-financial institutions, and the operation mode of killing goose to get eggs will inevitably increase the burden on debtors. The illegal dunning method of underworld nature is bound to bring disaster to social stability.

Therefore, we must stop the vicious and crazy spread of microfinance as soon as possible, otherwise, the tragedy of the "white-haired girl" era will repeat itself, and the "Yang Bailao" phenomenon will break out in a large area! According to media reports, in a short period of nine months, the microfinance crisis in India led to more than 1.5 million suicides. Similar college students in Henan and the whole country committed suicide by jumping off a building because they couldn't afford the online loan. A farmer in Shangluo County, Shaanxi Province maliciously forced a small loan company to commit suicide by taking poison.

The commercialization, high interest rate, disorder, illegality and non-financialization of microfinance have seriously endangered the financial order and social stability, and must be highly valued by the judiciary, education and the whole society.