Zhejiang Ruian Clothing Trade Association "Mutual Fund" Funds Utilization Rate Is High.

25, a member enterprise from Ruian, Zhejiang.

The "mutual fund" of the chamber of Commerce has borrowed 3 million yuan and returned the bank's due loan.

"Mutual funds are more convenient."

The head of the member enterprise told reporters that the turnaround of bank loans in the past was not looking for relatives or friends, or finding small loan companies. Now it only needs to make an application to the mutual aid fund in a month or so. It can be solved step by step, interest rate is not high, and there is no need to rush East.

In November 16th last year, 16 members of the Ruian clothing trade association of Zhejiang, such as "Gao Shi Jie", "fierce Cole", "Vegas" and so on, invested 500 thousand yuan to set up an enterprise mutual aid fund and closed operation. They were designed to solve the emergency loan repayment at the time of maturity of the enterprise bank loan.

Member enterprises need to pay certain interest to borrow money from the fund.

Yuan Buxing, Secretary General of the clothing trade association, which is responsible for the management of mutual funds, said that all enterprises that joined the fund knew the root of the matter and had a high degree of integrity.

The fund is only used between the 16 garment enterprises, and when the bank loan expires, the loan is pferred to "emergency".

If the period of use is controlled within 15 days, the loan of more than 2 million yuan needs enterprise guarantee.

In the 8 months since the operation of the fund, the number of enterprises has been kept at 16.

It is worth mentioning that in order to get more help from member enterprises, the fund starts with details management, and does everything possible to improve the utilization ratio of funds.

Reporters found that the "mutual fund" constitution, management practices, contracts and so on are fairly reasonable and standardized, and continue to make up for deficiencies in the operation process.

In order to ensure the safety of the fund, there are special personnel to control passwords, special person management cards, and third person supervision to ensure the safety of every account.

According to Gao Quanjun, President of the clothing trade association of the city, the fund has been running more than 70 emergency loans for member enterprises for 8 months. The total amount exceeds 200 million yuan, and the comprehensive utilization rate of funds reaches 90%, and the interest paid by member enterprises is about 1000000 yuan.

Now, 16 enterprises have agreed to bring interest into the fund, so that the scale of the fund can be enlarged to 9 million yuan.

Due to management standards and operation safety, the Zhejiang Ruian clothing trade association "mutual fund" has aroused widespread concern of our counterparts in the city. Some enterprises hope that this fund will expand its scale and attract more enterprises.

"As a supplement to financial services, mutual funds will operate more standardized and more sunny, which will help small and medium enterprises to solve the financial difficulties and promote social and economic development."

Gao said that the scale of the fund should be appropriately expanded under the premise of ensuring safety and standardization.