|The Women's Small Loan Project in east China's Jiangxi Province has efficiently solved the problem of insufficient funds in the process of women's entrepreneurship and employment, and has inspired more women to walk onto the stage of entrepreneurship. [Baidu]|
The Women's Small Loan Project in east China's Jiangxi Province has efficiently solved the problem of insufficient funds in the process of women's entrepreneurship and employment, and has inspired more women to walk onto the stage of entrepreneurship.
Zhang Saifang and 14 other female villagers from Zhelin Town of Yongxiu County in Jiangxi Province have succeeded in achieving a total of 1.2 million yuan (U.S. $194,280) in loans from their local women's federation. With this loan, they established Saifang Demonstration Center of Agricultural and Sideline Products, and were so successful that demand for their services now outstrips supply, and led to 10 more women from the local area get involved with their business.
Another rural women, Nie Lifeng, from Yichun City in Jiangxi Province, has also enjoyed the benefits of the small loan program. Nie used her 100,000 yuan (U.S. $16,190) loan to set up a farm for quail breeding. Now she has hundreds of employees and the annual output values are very impressive.
As of June 2014, the small loan program in Jiangxi Province, which was started in 2009, has offered loans of 12,011 million yuan (U.S. $1.9 billion), benefiting 205,700 women in their entrepreneurship and effectively promoting more than 748,000 women in their employment. So far the repayment rate has reached 99.8 percent.
(Source: acwf.people.cn / Translated by Women of China)
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