Wang Xiaoer worked as a house in Yantai County. After endless work every day, he suddenly added another job to him, which was to issue loans to people who contracted land but did not have overnight food, had no physical strength to farm but could not afford livestock, and had no agricultural tools and seeds.

Faced with such a task, Wang Xiaoer was very resistant at that time.

Because he knew that the loans in this era were astronomical interest, and that was the debt of the King of Hell.

No matter how wealthy your family is, as long as you are involved in the debt of the King of Hell, your family will be destroyed in a blink of an eye.

When he received this task, he was still very disgusted with the regent who originally thought he was kind and made money.

As a result, after he saw the content of the official document, he was simply shocked.

The Regent established an institution called the Rural Credit Union.

(Okay, the name is very vulgar)

The president is a foreign monkey with a very awkward name, named Jack.

It is then stipulated that those without funds can use autumn harvest as collateral based on the contracted acres of land.

Remember, the autumn harvest is used as collateral, not as children and mothers (what does the bank want these to do? It is not an orphanage or nursing home)

When issuing loans, the interest rate is 1 cent per month, and the maximum rate is no more than 10% per year.

What is emphasized here is not joint guarantee, but the credit of the people.

You should not underestimate the credit of those who came from top to bottom in that era.

The real collapse of Chinese credit was after the mid-Qing Dynasty. The Qing Dynasty tried hard to weaken the benevolence, righteousness, propriety, wisdom and trustworthiness of Confucianism, and the ending.

Before the Ming Dynasty, Confucian culture was the real rule of brainwashing. From the womb, I educated you to be benevolence, righteousness, propriety, wisdom and trustworthiness.

Integrity is one of the key points.

In that era, liars were beaten by everyone, rather than being envied by professions in later generations.

In that era, if one person wants to deceive another, you will definitely not be able to cross the threshold of conscience and belief.

This is why in that era, no matter how big a deal was, it was a promise.

No matter what kind of force it is, a agreement is reached, as long as both parties slap each other three times, they will never regret it.

That's why the idiom of swearing around with high-fives is created.

Although the alliance between countries will be engraved on a jade plate, it is not taken back as a future certificate for the court, but buried together in the soil for God to see.

Wang Xiaoer was so excited when he saw such interest.

Such interest not only allows the people to obtain sufficient funds for production, but most importantly, it will invisibly impact the kind of usury that is rolling in society.

As long as the people have such low-interest lending opportunities, who will still see the donkey's usury?

There is one thing mentioned in this document, but this is not a forced effort, that is, absorbing the local people's money as savings, giving them certificates, and then giving them five cents of interest per year.

In this era, those rich people have no habit of saving money in money shops, not to mention that they have to pay storage fees.

They would rather bury the money under their own beds and rot and mold than hand it over to others' hands. Or simply put it high profits.

However, this credit union lowers the interest on loans in society, which will make those who want to make high interest rates with their own private power and take huge risks and cannot get them, and there will be no huge interest room.

In this way, in addition to the vast majority of people who cannot change their ideas, there will definitely be some rich people who hand over the money they have in their hands to the government to make profits.

Wang Xiaoer was simply applauding this arbitrage of benefiting the country and the people.

So, he released his first loan in Yantai County - that is to give to himself and his brothers.

His brother Sun Erli took Xiao Gazi and carried the peddler's load around the streets and alleys, and he had already made some money.

Sun Erli also developed ambitions and took a fancy to a house on the dock. He wanted to open a grocery store and run a cart shop inside.

Now with the stability of the situation in Shandong, merchants in the south have begun to go north to do business again, especially the small court in the south, who fantasized about jointly extermination of rebels with the Manchu and Qing dynasties, and the north-south exchanges have become closer.

Although political affairs are very strange, they are all things that big people should worry about. Small people just want to seize the opportunity to make a fortune.

As a result, I am now short of capital and am worried about this.

Originally, in order to support this brother, Wang Xiaoer was about to grit his teeth and find the owner of the city's bank account to raise the money.

But the interest rate of the donkey rolling for five points immediately discouraged him.

According to such profits, you will have to pay back two or five in the year after borrowing one or two or five in the year.

What kind of transaction can make such a high profit? In the past year, not only will it be in vain, but it will also pay for the capital, which is the trap of the King of Hell.

Now, you can take out a loan to start a business. Your big family of fifty brothers will be better.

Seeing the notice, the second person to borrow was a poor old man, with a stick on his back. When he came in, he knelt down to Wang Xiaoer and begged: "My son and daughter-in-law have contracted twenty-five acres of land, but they have no money to buy seeds. The profit of the donkey rolling is to sign the death period with the King of Hell, so I would never dare to borrow it. Seeing that the spring plowing is delayed, if the summer planting is delayed, our family will be completely finished. Please beg me, so I'll borrow some."

Wang Xiaoer was tearful and helped the first old man who sincerely called him Master: "The Regent said that this loan is mainly for us helpless people. But there is a condition that three families must jointly guarantee the autumn grains must be returned after they are harvested. Do you have three families jointly guaranteed?"

At this time, the two men who followed him stood up: "We are all old neighbors. We believe in Dad Zhao's character, and we protect them. If he can't pay it back in the autumn, we will definitely live up to the Regent's trust in our care and trust in us, and live up to his kindness."

Wang Xiaoer shouted ok at that time and went through the procedures directly. Then, he took out five silver dollars from the start-up funds he had just sent, equivalent to five taels of silver.

Faced with these five silver dollars, the old man hesitated.

Wang Xiaoer immediately took out the scales and weighed them out a few pieces of broken silver. Then he asked the old man: "Which one do you want?"

Looking at the broken silver that was so dark that it was impossible to escape, the old man grabbed the silver dollar without hesitation: "This is a good quality, I want this."

This incident spread, and loans were coming to pay in a constant stream. Wang Xiaoer was so busy that he couldn't even get busy with the back of his head.

He needs manpower.

But there are only so many staffing in the county government. If you want to recruit people to help you, you can only pay for it yourself.
Chapter completed!