YINCHUAN, Aug. 31 -- Wang Yujin, a villager from Shanghuang Village in northwest China's Ningxia Hui Autonomous Region, is busy getting loans from local banks. He wants a loan of 300,000 yuan (44,000 U.S. dollars) to breed cattle next year.
Wang's home is located in Hechuan Township, Xihaigu, a district in southern Ningxia, which has been slated as the "most unfit place for human settlement" by the United Nations. The region is among China's driest and least developed regions.
In general, many banks will not loan out such a large sum of money to a rural resident as they might be unable to pay off the loans. However, since Wang was honored with an award for his hard work by the local government last year, it would be easier for him to get the 300,000 yuan loan.
Years ago, it was impossible for Wang to get a loan due to his bad credit.
When Wang was very young, he had no regular jobs, loved gambling and spent little time with his family. He ran a petrol station, but the business failed as he produced substandard petrol and the station was finally shut down.
He was heavily in debt and eventually blacklisted by the banks.
Villagers thought Wang was lazy and looked down on him.
"I had to leave the village and found some jobs in cities to earn money. I'd been worked in cities for around six years to pay off my debt," Wang said. He worked in the cities of Yinchuan, Guyuan and Beijing.
【国内英语资讯:Profile: From in debt to indestructible, an impoverished mans transformation】相关文章:
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