Youth Entrepreneurship Loans Help Rural Youths Dream Come True

In May 12th, the 2010 Quzhou entrepreneurial culture week, which lasted for 9 days, came to a close.

The theme of "starting a business from youth" has created a strong entrepreneurial atmosphere in the city, and has also enabled a group of outstanding young entrepreneurs at the grassroots level to stand out.

"Good youth" entrepreneurship project gold medal selection, city youth online business action, the second youth entrepreneurship competition in Kecheng District......

A series of brilliant entrepreneurial activities led a group of young people to embark on the entrepreneurial dream trip, but also made them face the reality of embarrassment: there is no money to start a business, who will solve the urgent problem?

Qujiang's Credit Union and Kecheng Credit Union first came to the forefront of financial institutions supporting agriculture and small businesses and extended olive branches to young entrepreneurs in rural areas.

"Golden idea" players get 500 thousand yuan loan

In May 17th, only a few days after participating in the golden youth selection program for "good youth" venture project, Quzhou longcai Plastic Industry Co., Ltd. ushered in a group of long-awaited guests. Qujiang district credit union credit department and Gao Jia credit union staff came to the company to prepare for the issuance of youth venture loans.

"The money is really good for the company."

At the end of 2008, Jiang Weilong, who had just set up his own company and registered his own brand, saw the credit staff of the credit union appear somewhat excited.

As the gold medal selection project to participate in the "good youth" entrepreneurship project in Qujiang District, only the "special grade" credit level project was awarded, the long Cai plastic industry company received a youth loan of 500 thousand yuan.

"This project has been put into production, operating in good condition, with pledged factory buildings and industrial land to meet the conditions for issuing loans."

After conducting an in-depth investigation of the enterprise, Xu Jianting, director of Qujiang Credit Union Gao Jia credit cooperatives, expressed satisfaction with the basic situation of the enterprise project.

They said that when enterprises are ready to apply for relevant information on loans, loans can be issued immediately.

For this 500 thousand yuan loan, Jiang Weilong made the plan very early: "the factory bought a complete production line not long ago, only paid 30% of the sum of money. When the loan is put down, the remaining money can be paid off."

Jiang Weilong said that the initial capital investment of the venture was very large. Besides buying the production line, there must be some stock of raw materials. All these are capital gaps, thanks to the credit loan of the credit union.

More than three million loans help young entrepreneurs

In this year's Quzhou entrepreneurship culture week, there are only 12 young entrepreneurs in Qujiang district who have obtained loans through credit unions like Jiang Weilong. The amount of credit is 1 million 450 thousand yuan.

Since March last year, the credit union of Qujiang district has granted 73 young entrepreneurs loans, with a credit limit of 8 million 900 thousand yuan, of which 61 have been granted loans and 4 million 280 thousand yuan has been issued. Since May last year, the credit cooperative of Ke Cheng District has accumulated 210 young entrepreneurs' credit loans, with a credit line of 38 million 90 thousand yuan, including 197 loans and 29 million 90 thousand yuan of loans.

Wu Jingang, a village in Wutian village, is one of the earliest beneficiaries of youth venture loans.

In May 4th last year, the credit union of Kecheng district had just launched the Youth Venture loan. Wu Jingang went to the local rural credit union. He made a 200 thousand yuan venture loan with the youth business credit loan certificate issued by the Youth League Committee of Ke Cheng, and solved the problem of shortage of mobile capital in the initial stage of his carton factory.

Now, over the past year, Wu Jingang has been roaring in the carton factory of Donggang Industrial Park. The factory has just spent about 6000000 yuan to introduce a set of low carbon and low temperature corrugated production line, which has made the whole production process complete the computer tracking, and has become a "new breakthrough" in the whole province and even the whole country.

At present, the production line can produce twenty thousand square meters of products per day.

Financial innovation minimum cost realize entrepreneurial dream

"As long as young people in rural areas, under 40 years old, have entrepreneurial projects, they can get youth venture loans."

Fu Jialiang, general manager of credit union credit department, Kecheng District, told reporters.

From the "golden youth" entrepreneurship project in Qujiang District, the 12 young entrepreneurs who have been granted loans and credit have different characteristics.

Chai Hongjian, director of the new high village village of Gaowa Town, is preparing to open up a real experience version of the happy farm to attract the attention of the urban white-collar workers; Wu Xisheng, the villager of Yu Yu village in the town of twenty Li, has moved his mind in the mode of combining fishing with vegetables; the Xu Xuefei of Xu Jia Village in the upper part of the town has opened an original ecological breeding base for Lu Hua chicken with his own tenacity; the Yang Yuanfeng in Lintan riverside community of Zhang Tan will shine in the creative product development and industrialization of the rural plant leaves.

The Credit Union has launched a series of innovative initiatives to help entrepreneurial youth achieve the lowest entrepreneurial aspirations.

Whether it is Kecheng credit union or Qujiang Credit Union, it will tilt the credit line, loan interest rate and loan operation process to the young entrepreneurs group.

As long as we rely on a "harvest youth entrepreneurship card" or "youth business letter of credit", rural entrepreneurial youth can borrow money anytime and anywhere, so that they can not venture out of the village to start their own business.