Chapter 193 Huge Loan

While Deng Shirong's family was busy preparing for the birth of the third generation, two major events worth mentioning occurred in Bobai County.

First, in the education reform that began in September, not only did all the middle schools in the county restore the "three-three system", but ordinary middle schools were also comprehensively compressed, with the county's 23 high schools adjusted to 11, and 282 junior high schools adjusted to 121. More than half of the middle schools disappeared in the long river of history.

Among them, the junior high schools that were cut included Naye Junior High School. By the end of this semester, Naye will only have elementary schools and no more junior high schools.

In other words, starting from next semester, Deng Yunzhu and Deng Yunsong, brother and sister, will go to Shuangwang to attend junior high school.

Second, the county party committee convened a meeting of cadres at the county, commune and brigade levels, and deployed the production responsibility system of "contracting output to groups", "contracting output to households" and "contracting work to households" throughout the county, marking that the production team era was gone forever.

The Naye Production Team also carried out the final land distribution, distributing all the remaining paddy fields and sloping lands in the corners to the members.

Xiao Dong'er's birth was like catching the last mouthful of soup, and also got a piece of dispensable sloping land, which made the whole family very happy.

Although places like Naye Village in the mountains have no chance of being demolished now or in the future, and the fields are not valuable to be honest, the saying still applies: fields have been the roots of rural people since ancient times. Even in later generations, there are many examples of rural people fighting for a piece of land, and even sacrificing the lives of their entire families for this.

…

Shuangwang Credit Union.

Director Bu Wanhui is in a very good mood now. At the beginning of this year, in order to adjust and stabilize the development of the national economy and appropriately concentrate financial resources for socialist construction, the state decided to issue 4 billion yuan of treasury bonds, and the superior leaders allocated 215,000 yuan of treasury bond sales task to Bobai County.

Thanks to the outstanding performance of Bu Wanhui, the director of a small supply and marketing cooperative, he was established as a benchmark figure by his superiors, which stimulated other groups to follow suit and completed the sales tasks assigned to the county by their superiors ahead of schedule, making the county leaders very happy.

As a role model, Bu Wanhui naturally also gained considerable benefits. His transfer to the county seat has been finalized, and he will take up the post in the early spring of next year.

As a middle-aged man, career advancement is naturally something to be very happy about.

Just then, a customer walked into the credit union.

Bu Wanhui looked up and saw the person coming. He immediately greeted him with a smile on his face, "Uncle Jiu!"

Deng Shirong said with a smile: "Director, I can see from a distance that you are beaming with joy. It seems that you have encountered a great event!"

Bu Wanhui smiled and said, "It's all thanks to you that my work has been going smoothly recently. I see that Uncle Jiu is also very happy. It seems that you should be the one who encounters the big happy event."

Deng Shirong did not deny it, but said with a smile: "I did have a happy event. I successfully became a grandfather half a month ago. This time I came here mainly to invite you to attend my eldest granddaughter's full moon banquet on November 17th, and by the way, I want to consult you about some loan matters."

Upon hearing this, Bu Wanhui congratulated him immediately. Knowing that the other party wanted to consult about loan business, he invited him to his office to discuss.

After sitting down in the office and chatting for a while, we got down to business.

Deng Shirong asked bluntly, "Director, this is what I am doing. I plan to go to the county town to start some business next year. I need to borrow a sum of money. The amount may be as high as hundreds of thousands. I wonder if you can do it here?"

Bu Wanhui was shocked when he heard this. In this era, loans of hundreds of thousands of yuan were generally only available to state-owned enterprises or collective enterprises. Personal loans of hundreds of thousands of yuan were something that not only their Shuangwang Credit Union had seen, but even looking across the entire county, city, or even the province, they had never heard of anyone doing it.

While being surprised, Bu Wanhui couldn't help but get excited. If he could get this loan, the benefits to him would be self-evident.

Speaking of this, we have to mention the difference between credit in this era and that in later generations.

In later generations, due to increasingly strict bank supervision, all loans must be strictly implemented in accordance with regulations. Loans that do not meet the procedures will definitely not be approved, even if they are only for a few thousand yuan.

In this day and age, credit management is so lax that it would astonish people in later generations. Loans do not require any collateral or interest payments, and there are still many loopholes in the approval process. It is no exaggeration to say that the money borrowed from the bank is really like picking it up for free.

In fact, there are indeed many brave people who have tasted the sweetness in this era. I won’t go into details, those who understand will understand.

In short, if anyone in the future has the opportunity to be reborn, they don’t have to worry about not having start-up capital to do business, because it is really easy to get loans in this era.

This is also the reason why Deng Shirong was not in a hurry to earn start-up capital after his rebirth. After all, he had experienced it in his previous life. When loans were at their craziest, the bank's credit officers had to beg people to lend them money in order to complete the loan tasks assigned by their superiors.

As long as you dare to apply for a loan, the bank will approve it for you. That’s how cool loans are in this era.

Although Deng Shirong's loan was huge, Bu Wanhui was still confident that he could handle it. He asked excitedly, "Uncle Jiu, you are borrowing so much money. What kind of business are you going to do in the county?"

Deng Shirong smiled and said, "I'm planning to open a restaurant."

Bu Wanhui nodded and said, "Uncle Jiu, based on my understanding, it shouldn't be difficult for you to get this loan. If you apply now, I can help you with the formalities. If you apply next year, I may have already gone to work in the county by then."

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When Deng Shirong heard this, he knew that the other party was going to be promoted, and he quickly congratulated him.

Then he said, "Okay, since it's convenient for you, Director, let's do it now!" Anyway, there is no interest, so there is no harm in doing it in advance.

Bu Wanhui nodded and asked, "How much money do you want to borrow, Uncle Jiu?"

Deng Shirong thought about it and said, "Then let's borrow 800,000!"

Hearing this amount, Bu Wanhui, the director of the credit union who deals with money every day, couldn't help but admire Uncle Jiu's courage. He gave a thumbs up and said, "Uncle Jiu, you are really courageous. 800,000 is 800,000. I will do my best to help you get this loan."

Deng Shirong smiled and said, "Thank you for your help, Director!"

Bu Wanhui smiled and waved his hand: "Uncle Jiu, you are too polite. I am not helping you, you are helping me!"

The two exchanged some pleasantries and began to fill out the various documents required for the loan.

I have to say that the loan procedures in this era were indeed very simple compared to later generations. In less than half an hour, Deng Shirong had filled in all the necessary information.

(End of this chapter)