Remote County Solves Rural Credit Conundrum

IT was deemed a problem withou a solution. For decades, Chines and foreign experts have wrestle over ever-more elaborate microcredit schemes with the sole aim of lift- ing Chinese farmers out of poverty, yet most are too poor to present the collater- al necessary for a loan. But now it seemsthat a remote county in Xinjiang Uygur Autonomous Region has solved the in- soluble, entirely on its own. The Hutubi County solution has created a new kind of collateral: the old-age endowment in- suran…

Remote County Solves Rural Credit Conundrum