中国银行山东省分行：信用贷为村民致富添胜“蒜”

Core Insights - The garlic industry in Jinxiang County, Shandong Province, is experiencing a busy harvest season, with significant market activity and financing needs for storage and trade [1][2][3] - The introduction of the "Jinxiang Garlic Loan" by the Bank of China aims to address the seasonal financing demands of garlic storage and trading businesses, facilitating their operations [2][3] Industry Overview - Jinxiang County has 700,000 acres dedicated to garlic cultivation, with over 1,800 storage and processing enterprises, generating an annual transaction volume exceeding 40 billion [2] - The garlic industry serves as a vital economic driver, linking agricultural production to local employment and contributing to rural revitalization [2] Company Operations - Huikang Modern Agriculture Co., Ltd. is a key player in the garlic storage and export trade, with a storage capacity of 20,000 tons and plans to expand its operations significantly this year [1] - The company faced challenges with cash flow during the peak purchasing season but received timely financial support from the Bank of China, allowing it to increase its purchasing and storage capacity [2] Financial Products - The "Jinxiang Garlic Loan" is designed for garlic traders and storage operators, offering quick access to credit without collateral, thus meeting the low-cost financing needs of the industry [3] - Since its launch in May, the Bank of China has issued loans totaling 36 million to 13 garlic storage businesses in Jinxiang County, enhancing their operational capabilities [3]