2021 ESG Report
25
2021 ESG Report
CRCBANK 26
Case
Hubei Enshi Xingfu Village Bank helped a local fruit farmer overcome
business crisis and expand production scale
In September 2020, Mr. Guo's vineyard in Enshi, Hubei Province, was affected by the pandemic,
resulting in poor sales of grapes and difficulty in repaying his loan. In the process of visiting
households, village financial officers from Enshi Xingfu Village Bank learned of Mr. Guo's difficulties
and helped him with the Bank's "deferred principal and interest repayment" policy, and increased
his credit limit to 200,000 yuan. After receiving the loan, the couple rented new land, repaired the
greenhouse, introduced new varieties and expanded the grape planting area to 170 mu, and the
annual turnover is expected to exceed one million yuan.
As early as 2007, CSRC Bank
initiated the establishment of the
first village bank in Xianfeng,
Enshi. By the end of 2021, Enshi
Xingfu Village Bank has achieved
full coverage of 8 counties and
cities in the state, with total assets
of over 10 billion yuan, and has
provided financial services for
over 440,000 customers with
deposits and loans. Xingfu
Village Bank has granted credit
to 40,900 households totaling
3.926 billion yuan, helping local
rural revitalization with high-quality
development.
Staff of Enshi Village Bank visited a fruit farmer's vineyard
Case
Special Product "tea loan" by Xuan'en branch of Enshi Xingfu Village
Bank in Hubei Province
Tea is one of the pillar industries in Xuan'en County, with a wide industrial coverage and a large demand
for related loans. Xuan'en branch organized account managers to go to villages and households,
field visits, through communication with tea farmers, tea enterprises, to know the credit needs, the
characteristics of tea's long capital cycle, slow return on planting, a special credit product - "tea loan"
was tailored to address the problem. The product has the advantages of low interest rates, fast lending,
long credit, not only to help tea farmers, tea enterprises to reduce financing costs, but also to reduce the
pressure of tea farmers' capital turnover. In nearly three months, a total of 230 tea industry loans, 25.98
million yuan were invested, which is a strong support for the development of local industries.
¥
In nearly three months,
a total of
230
tea industry loans
25.98 million yuan
were invested, which is a strong
support for the development of
local industries
Multiple Products to Meet Development Needs
In order to meet the different development needs of villages and towns, CSRC Bank provides products and services
with different characteristics for village collectives, agricultural operators and individuals, taking into account the local
customs, rural economy and industrial structure of each village and town, effectively meeting the financial needs of
"Three Rural" and stimulating the vitality of the villages. By the end of 2021, the balance of CSRC Bank's agriculture-
related loans was 115.119 billion yuan, and the ratio of agriculture-related loans to all loans reached 70.71%.
Huicun
Loan
Sunong
Loan
Huicun Loan takes each administrative village collective as the loan object, as a reserve fund for the
economic organization of village collective, which is used to support local development needs, including
in the normal expenses of village improvement, payment of village infrastructure repair, routine payment
of daily expenses and other needs. 2021 cumulative credit of nearly 1 billion yuan, credit coverage of
more than 200 administrative villages.
Sunong Loan is granted to new agricultural business entities, such as farmers' cooperatives, agricultural
enterprises and agricultural socialized service organizations, for short-term liquid capital loan business
for regular production and operation in direct and closely related industries in agriculture. By the end of
2021, CSRC Bank had invested a total loan of 35.1 million yuan with a balance of 30.6 million yuan by
the end of 2021.
Staff of Xuan'en branch of Enshi Xingfu Village Bank visited local tea plantationsView entire presentation