The guarantees and promises for small and micro-enterprises highlight the bank’s six-band connection model for specific poverty alleviation

Original Title: Small and Micro-Enterprise Guarantee Commitment Issues Highlight the Bank’s Six-Party Connection Model for Targeted Poverty Reduction

2020 is the final year for China to fully win the battle against poverty. The State Council’s Office for Poverty Alleviation recently announced that all poor people will be retiring by the end of the year. Ou Qingping, deputy director of the State Council’s Office for Poverty Alleviation, told a press conference held by the Information Office of the State Council on December 2 that in the next step, to resolve relative poverty and consolidate and expand the results of poverty alleviation, it is necessary to improve the design of the system and strengthen prior assistance. Strengthen the timely provision of small amounts of poverty alleviation to poor marginal households.CreditSupport and encourage localities to raise welfare funds and purchase anti-poverty programs.insuranceWait.

Many experts believe that financial poverty alleviation has shifted from a “blood transfusion” to a “blood production”, creating a general environment in which financial services are geared towards poor areas and capital is “retrograde” . Some places have created “government + finance”insurance) Institution +companyAnd other financial models of poverty alleviation, which attract more funds, projects and businesses to land in poverty-stricken areas, further broaden the growth points of economic development and employment for the poor.

As one of the important forces of financial poverty alleviation, GFBankAt its bestshareholderLife insurance in ChinaWith the support of the group, relying on the resource advantages of the bancassurance collaboration between the two parties and the local financier.personalityEnhance service capabilities and innovatively launch the “Poverty Alleviation Loan (1 + N)” to six special bands for financial poverty alleviation.product, Design specific solutions according to local conditions. At the end of September 2020, the bank has implemented 13 poverty alleviation projects with a total credit of 270 million yuan.

　　Innovative six-part connection mechanism

The latest data released by the China Banking and Insurance Regulatory Commission shows that, at the end of September, the balance of domestic financial loans for poverty alleviation reached 4.33 trillion yuan, and the growth rate of multiple loans in 334 deeply impoverished counties is 4.22 percentage points higher than the national loan growth rate. Faster; small amount of national poverty alleviationCreditA total of 503.8 billion yuan was issued and a total of 12.043 million poor households were filed and registered.

According to local conditionsProduct differentiationInnovation is the key for financial institutions to make progress in alleviating financial poverty.

The general manager of Hanbao Food Factory, Jinjie City, Tiandeng County, Chongzuo City, Guangxi, told the China Business News reporter that thethe companyThe production workshop operated is a poverty alleviation workshop for returnees, based mainly on dried lotus root with local characteristics.Raw MaterialsProcessing and production of agricultural products. “During this year’s epidemic, logistics were tight and sales were not smooth, a large number of inventories were under pressure and liquidity almost broke, making it difficult to support subsequent production.BankI am applying for a loan, but we need a guarantee from a guarantee company. Our workshop is too small and we simply do not have this condition. The cost of private financing is too high and we simply cannot afford it. “

GuangfaBankThe relevant head of the Nanning Branch Banking Department revealed that, indeed, small and micro enterprises and farmers in poverty alleviation areas basically face this financing dilemma. Especially after the outbreak, many workshops or individual farmers have insufficient circulating funds and lack of subsidies.Promise“There is no form of financing”, leading to closure and production.

According to the corresponding head of the Banking Department of the aforementioned company, small and micro enterprises and individual farmerscreditThe risk is high, when they make loans to financial institutions, they are often required to provide asset pledges or collateral company guarantees, but guarantee companies will also require them to provide due to risk control needs.Warranty counterMeasurements. However, these farmers and poverty alleviation workshops are basically asset-light, have no collateralized assets, and financing is more difficult than ordinary small and micro enterprises, and it is impossible to provide detailed loan review materials. Banks must adjust financial poverty alleviation plans and strategies based on the actual conditions of local customers.

“Combining the real conditions and specific needs of poverty alleviation companies and farmers in poverty-stricken areas, and relying on the bancassurance synergy of the bank and major shareholder of China Life Group, China Guangfa Bank has launched innovative way to the government,insurance, Banks, guarantee companies, enterprises and connecting mechanism to six bands of farmers, with China Life Group investing 3 million yuan and the Tiandeng County government investing 1 million yuan to establish guaranteesbackgroundAnd then the guarantee company steps in to make a 20 million yuan loan guarantee. “Said the relevant head of the banking department of the aforementioned company.

“In this mode,borrowThe payer does not need to mortgage any equipment, real estate and other assets, but only has to pay a token risk protection fund of about 1,000 yuan, and can apply for it directly.Credit loans.In general, the poverty alleviation loans range from 200,000 to 1 million yuan, which basically meets the liquidity needs of daily production and operation, andinterest rateIt is also implemented in accordance with the most favorable standards for small loans and microcredits, and the total cost is approximately 3.8%. “The relevant head of the banking department of the aforementioned company revealed.

　　Copy and promote the “poverty alleviation loans” model

In fact, China Guangfa Bank announced the launch of the “Poverty Alleviation Loan (1 + N)” product in April this year. This product is a special financial poverty alleviation product launched by China Guangfa Bank under China Life Group’s “Poverty Alleviation Insurance” project in light of the real conditions of small, medium and micro enterprises in poor areas.

According to the different poverty alleviation objectives, “Poverty Alleviation (1 + N) Loans” are divided into two types: Unit Poverty Alleviation Loans and Individual Poverty Alleviation Loans . Individual and specific poverty alleviation provides loans of up to 10 million yuan, with a repayment period of up to 10 million yuan. year.

According to a businessman from the corporate department of China Guangfa Bank, Tiandeng County and Longzhou County in Guangxi are one of the main beneficiaries of this “poor loan” product. “In April, when the product was put online for promotion, the bank increased its inflow of resources in this area. A special project was established in the first half of the month.InvestigationThe team carried out an in-depth investigation into the real situation of the poverty alleviation areas and, at the same time, mobilized resources from all parties to establish the linking mechanism between the six parties in the shortest time possible, and he even made the first loan for poverty alleviation in late April. “

The data shows that, so far, China Guangfa Bank has served 10 special farmers in Tiandeng County.By-productPoverty alleviation workshops in various industries, such as jewelry, accessories, and electronic parts processing, have invested 3.85 million yuan in “workshop loans” to effectively help poor people to do business. “micro-employment” and helping local women find employment “at home”.

The relevant person in charge of the banking department of the aforementioned company revealed that China Guangfa Bank is currently preparing for the next round of poverty alleviation loan support projects. “We are conducting business according to the white list of poverty alleviation workshops calculated by the local government. We are currently conducting due diligence on the third batch of recommended lists and will soon implement it. At the same time, China Guangfa Bank it will also replicate the poverty alleviation loan model to other poor Guangxi counties. “

In fact, in addition to the special product “Poverty Alleviation Loan (1 + N)”, China Guangfa Bank has also taken various measures to strengthen the effectiveness of targeted financial poverty alleviation. Statistics show that as of now, China Guangfa Bank’s targeted poverty alleviation financial loans have reached 13.5 billion yuan and maintained growth.

Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, conducted a poverty alleviation survey in November, emphasizing that financial management departments and financial institutions should follow the general requirements and deployment of the Party Central Committee. , based on the reality of the financial system, and conduct in-depth research on specific measures to help consolidate and expand the results of poverty alleviation and effective rural revitalization strategy. Consolidate the results of poverty alleviation, promote banking,insurance、TrustThe organic combination of advantageous resources from various institutions to support rural areas one, two, threeindustryIntegrate development, focus on providing financial services to small farmers, new business entities and rural infrastructure, and explore the establishment of a long-term mechanism to solve relative poverty.

China Guangfa Bank stated that in the next step, the bank will continue to leverage its bancassurance synergy with China Life Group, do a good job in product differentiation and innovation, increase credit resources, and continue to promote the effective implementation of specific policies and products. of poverty alleviation.

(Source: China Business Network)

(Responsible editor: DF524)