CITIC Bank's Erdos Branch Extends 4 Million Yuan Loan to Dairy Small Business

Deep News
05/29

CITIC Bank's Erdos Branch, leveraging the local agricultural and pastoral resource advantages, has focused on addressing the financing challenges faced by new agricultural and pastoral business entities in the region. It recently granted a 4 million yuan loan to a dairy company in Erdos City to support the enhancement of its operational efficiency. The company utilizes the premium milk source belt of Erdos to operate its own pastures and standardized breeding bases, producing healthy dairy products with low sugar and high active probiotics. It also promotes income growth for surrounding farmers and herders through contract farming. However, as a small agricultural and pastoral enterprise, it faces difficulties such as high capital occupation, urgent cash flow needs, and insufficient credit lines. Upon identifying the company's requirements, the financial service team at CITIC Bank's Erdos Branch fully utilized inclusive finance and rural revitalization interest subsidy policies. Through the product service model of the small business financing coordination mechanism, the bank provided a 4 million yuan credit loan to support the company's daily production and operations. A relevant official from CITIC Bank's Erdos Branch stated that the bank will continue to deepen its efforts in financial support for rural revitalization, persistently expand credit coverage and support for new agricultural and pastoral business entities, and fully promote the high-quality development of local agricultural and pastoral enterprises.

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