Huailai Rural Credit Cooperative Offers 1.5 billion Yuan to Support Grape Industry
Date：
2014-10-28 16:31 Source：
www.hebnews.cn Author:
Li Changfu Translator:
Huailai Rural Credit Cooperative launched new credit products and its services in order to solve needs of local grape industry.
Up to now,the cooperative has offered loans of 1.566 billion yuan for grape industry,which benefits 23 enterprises as well as 35,000 wine growers.
Grape industry is difficult to get loans.For solving the problems,the Cooperative launched several credit products,such as “company + farmer’s loan”, “company + broker + farmer’s loan", "farmers' professional co-operatives plus membership loans", "farmers + insurance".
With the good credit support,the whole Huailai county get rapid development.At present,grape planting covers 16 villages and town,with more than 40,000 grape growers.Total area has reached to 27 0,000 mus (18,000 hectares) makes production value over 4 billion yuan.Huailai county gain the titles of"China’s grape city "and "China’s wine city".