In the early summer, the orange trees are thriving at the navel orange orchard of Luojiashan Village, Yuxi Town, Yizhang County, Chenzhou City.
Chen Mao, the owner of the navel orange orchard who was born in 1980s, returned to his hometown to set up his own company Yizhang Pingle Agricultural Development Co., Ltd. after graduating from the Hong Kong Polytechnic University.
At the end of 2021, Chen Mao encouraged the neighbors who just emerged from poverty to expand the planting scale of navel orange, but the plan was suspended due to lack of funds.
At such critical moment, the Rural Commercial Bank of Yizhang County issued a credit loan of 500,000 yuan for the company through “the startup loans for youth”, a special credit product for rural revitalization, which solved the financial difficulties in expanding production and was expected to help the surrounding people to increase their income by 1,000 yuan per person per year.
While instructing farmers to fertilize their newly blossomed fruit trees, Chen Mao expressed his thanks to the bank for its support.
It is just an example of Yizhang County’s financial support for rural revitalization.
In recent years, the county’s financial system has been constantly improved by launching innovative credit products and fastening the development of characteristic agricultural industry and the optimization of rural infrastructure.