Zhanxiang Agriculture is the largest navel orange production enterprise in Yizhang County. To further accelerate its development and solve the financing problem, the company had communicated with other banks for many times.

 

However, because the company could not provide other effective mortgages and strong guarantee measures except for forest rights, and the actual controller is from Hong Kong, China, it had not received credit from any bank since its establishment seven years ago. 

 

At this time, the village bank flexibly included the forest right certificate in the mortgage scope through the application of national financial policies. After three adjustments, the company eventually got 18 million yuan of loans. 

 

In recent years, the village bank has continuously innovated financial products, promoted quality services and simplified administrative procedures in terms of audit process and loan issuance. Thus it has made considerable development and progress. 

 

Up to now, the number of business outlets has increased from one to five, with the net assets rising from 50 million yuan to 160 million yuan, the assets scale increasing from 230 million yuan to 1.8 billion yuan and the deposit climbing from 180 million yuan to 1.6 billion yuan. It has gradually been recognized by the public. 

 

To consolidate and expand the achievements of poverty alleviation and effectively connect with rural revitalization, more than 10 preferential agricultural credit products have been launched to agricultural economic entities since 2021 such as farmers, professional growers and small and micro-sized enterprises. These products have won recognition among farmers.