https://novelcool.info/chapter/Chapter-60-Pre-Ordering-1000-Fruit-Saplings/12849164/
https://novelcool.info/chapter/Chapter-62-The-House-Is-Built-and-the-Villagers-Are-Envious/12849166/
Chapter 61: Interest-Free Loan
Chapter 61: Interest-Free Loan
After signing the contract for the purchase of fruit saplings with New Light Farm, Deng Shirong had achieved the main goal of his trip to Spirit Mountain. As he prepared to return home, he quietly calculated his recent financial shortfall.
Last month, after selling the first batch of goods from the brick and tile factory, Deng Shirong and his father's combined income exceeded seven hundred dollars.
When he arranged for the prospective bride to visit the Deng family, he received a three-dollar red envelope, which, with the system’s tenfold reward, became thirty-three dollars.
Adding this to the seven hundred dollars they already had, he had over one thousand four hundred and fifty dollars in cash, making him a wealthy man in the rural area.
However, over the past month, Deng Shirong's expenses had been significant. The tuition and living expenses for his sons cost around fifty dollars, buying rice, cloth, and various seasonings cost about one hundred and fifty dollars, and the one hundred dollars he gave to his eldest daughter before leaving added up to over three hundred dollars.
At New Light Farm, Deng Shirong had paid a deposit of over two hundred dollars, bringing the total to over five hundred dollars.
Building the house, including the purchase of cement and lime, cost over eight hundred dollars. He had initially planned to spend less, but he decided to pave the entire floor with cement, which increased the cost.
By now, the one thousand four hundred and fifty dollars had been reduced to just a few dozen dollars.
Moreover, he still owed the brick and tile factory nearly three thousand dollars for the materials, and the wedding expenses for his eldest son would cost another one thousand three hundred and eighty dollars. This added up to a total shortfall of over four thousand three hundred dollars.
Such a large expense would likely keep most rural residents awake at night with worry.
But for Deng Shirong, who had seen the world, a few thousand dollars was not a daunting amount.
Firstly, the second batch of goods from the brick and tile factory was now being sold, and he and his father's combined income for this month was estimated to be around seven to eight hundred dollars. With this consistent monthly income, the four thousand three hundred dollars shortfall would be covered in just over four months, so there was nothing to fear.
Moreover, Deng Shirong had no intention of being idle during these four months.
Now that the land and mountains had been allocated, the marriage arrangements for Zhang Kangmei and Deng Changmei could be put on the agenda. Additionally, Deng Changwang and Dai Fanglan had already visited the family, and if everything went smoothly, he could urge them to register their marriage as soon as possible.
Both families had good economic conditions, better than the Deng family, so the wedding gifts would likely be substantial.
Of course, these income sources were predictable, but as the saying goes, "distant water does not quench immediate thirst." He still needed to find a substantial amount of money in the short term.
After much thought, Deng Shirong considered a bank loan.
In the future, if there was nothing to use as collateral, it would be quite difficult for an ordinary person to obtain a bank loan.
But in this era, getting a bank loan was surprisingly easy. Deng Shirong remembered that in his previous life, there was a period when bank employees were actively seeking people to take out loans, even offering interest-free loans, something unimaginable in the future. However, very few rural residents were interested in taking out loans.
The people in the countryside were too honest; the thought of owing money to the bank kept many awake at night.
Moreover, the mindset of this era was different from the future. In the future, owing money was seen as a sign of capability, and being able to get a bank loan was a mark of success. In this era, however, rural residents were ashamed to take out loans, feeling that owing money to the bank was a source of great embarrassment.
This was the primary reason why, despite the interest-free loans, very few rural residents were willing to take out loans.
As for the exact year, Deng Shirong couldn't quite remember. After all, he hadn't taken out a loan in his previous life, and with over forty years having passed, how could he remember such details? Once he got back, he would visit the credit union and ask. If he could secure a loan, it would certainly help with his cash flow. If not, it wasn't a big deal; he could just postpone his eldest son's wedding a bit, but it wouldn't affect the bigger picture.
With that thought, Deng Shirong leaned his head against the window and closed his eyes to rest.
...
Shuangwang Credit Union.
Bu Wanhui puffed on his water pipe, the smoke curling around his furrowed brow. As the head of the credit union, Bu Wanhui had been living a comfortable life, respected in the village. However, the recent loan task from the higher-ups had given him a headache.
Since the reform and opening-up, the government had implemented many policies to support the economic development of farmers, including interest-free loans. When the policy was first introduced, it hadn't affected Bobai County. But now, over a year later, the leadership of the credit union was actively responding to the higher-ups' call, distributing the loan task to every rural credit union.
At first, Bu Wanhui was confident that he could complete the task without much trouble. However, he soon realized that it was far from easy.
Even his own brother, whom he had clearly explained the interest-free loan to, refused to take out a loan. The moment his brother heard about a bank loan, he recoiled as if from a flood or a beast, shaking his head no matter how much Bu Wanhui tried to persuade him. This made Bu Wanhui feel frustrated and disappointed; his brother was destined to remain poor, content to scrape by in the fields.
It wasn't just his brother; his relatives were the same. Bu Wanhui had spoken to every relative, urging them to take out a loan if they needed it, with no interest. But the moment they heard the word "loan," they all shook their heads, and not a single one was willing to borrow from the bank.
Bu Wanhui smoked several pipes before setting the water pipe down.
Just then, an employee came over excitedly and said, "Director, someone has come to apply for a loan!"
Bu Wanhui's spirits lifted, and he asked, "Is it a collective or an individual?"
The employee smiled, "It's an individual loan."
Bu Wanhui's face broke into a smile. The credit union didn't lack for collective loans, and the loan task from the higher-ups didn't include them. Instead, it targeted individual agricultural or business loans for farmers. After all, the policy was designed to help farmers develop their economies.
As the saying goes, the hardest part is getting started. With no progress on the individual loan task, someone finally coming forward voluntarily was a good sign. If this person succeeded, others would surely follow, and the credit union would have a chance to complete the assigned task.
With that thought, Bu Wanhui couldn't sit still. He had to personally greet this important client for the credit union.
(End of Chapter)
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