logo logo

Easy Branches allows you to share your guest post within our network in any countries of the world to reach Global customers start sharing your stories today!

Easy Branches

34/17 Moo 3 Chao fah west Road, Phuket, Thailand, Phuket

Call: 076 367 766

info@easybranches.com
Regions China

Microlending offers lifeline to Sichuan's agricultural enterprises


  • Nov 13 2024
  • 0
  • 0 Views

The family of Huang Mingzhi, a farmer in Wangcang county of Guangyuan, Sichuan province, was hard hit by poverty after his eldest daughter was diagnosed with leukemia.

To improve his family's financial health, Huang transferred the management rights of 0.2 hectare of farmland to Wangcang-based Sichuan Mumen Tea Co Ltd, a company specialized in tea growing, production and sales, at a price of 3,000 yuan ($427) per hectare a year and received a payment of 80 to 100 yuan per day for fertilizing and removing weeds from the company's tea plantation.

His annual household income has now increased to more than 30,000 yuan, compared with 2,000 to 3,000 yuan a few years ago. It includes revenue from tea growing, pig farming, transfer of farmland management rights, working at the plantation, and running a small business.

Related


Share this page
Guest Posts by Easy Branches
image