Under what form is the People's Credit Fund established?

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I have heard a lot about the people's credit fund but am not clear on what form this fund is established? And what is a people's credit fund? Please advise me.

Clause 6 Article 4 of the Law on Credit Institutions 2010 stipulates the people's credit fund as follows:

The people's credit fund is a credit institution voluntarily established by legal entities, individuals, and households in the form of a cooperative to perform certain banking activities as stipulated by this Law and the Cooperative Law with the primary objective of mutual assistance for development in production, business, and living.

Therefore, the people's credit fund is established in the form of a cooperative.

Sincerely!

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