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10:17 Oct 20 2009

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ABC Tibet Branch grants three billion yuan loans to rural people in first 3Q
10:15, October 20, 2009  

In the last three quarters, the Tibet Branch of Agricultural Bank of China (ABC) has issued a loan totalling 3.02 billion yuan to Tibetan farmers and herdsmen, with the balance of loans hitting 5.07 billion yuan.

The ABC Tibet Branch actively offered small amount credit to rural Tibetans, helping rural people set up their own business and increase income. With no collateral required, the small amount credit is widely popular among rural people.

To date, 37,000 out of 140,000 rural households have obtained the Certificate for Credit of Farmers and Herdsmen issued by the ABC Tibet Branch, taking up 90 per cent of the total population of rural people.

By offering loans to rural people, the ABC Tibet Branch has helped building an area of 37.55 million square meters from January to September.

Source: China Tibet Information Center

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