The villagers'"bank" is lucky to be "small and stable".

Since the establishment of the first rural mutual fund cooperatives in China in 2007, rural mutual fund cooperatives have developed for 7 years in China, and there are 49 at present. Yimin Rural Fund Cooperative in Cangxi County, Sichuan Province, located in a remote mountain village, is one of them. It has been in operation for 7 years. Do mutual funds have soil in rural areas of our country? Can it last? The practice of Yimin Rural Fund Mutual Cooperative in Cangxi County provides a vivid footnote.

What can a mutual help do?

You can borrow money to build a house, buy a piglet, and even pay for a job.

At noon in autumn, the sun is strong, Gao Zeming, a villager of Wenping Group 2, Yuedong Town, Cangxi County, sits under the eaves of his son Gao Yong's house and registers the villagers 'fields. See Yimin Rural Mutual Fund Chairman Jin Jigui, Gao Zeming warmly greeted: "If it weren't for the mutual fund loan, this building couldn't be built." His family borrowed 45,000 yuan from the mutual aid society before and after to build a house.

Mutual aid cooperatives often provide charcoal in the snow for peasants who are short of funds. Jin Jigui introduced that the minimum loan issued by the mutual aid society is 200 yuan. In 2010, villagers in Taiyang Village borrowed 200 yuan from mutual aid cooperatives to buy piglets. Every year, more than 1000 people in Wenlin District go out to work. At the beginning of the year, they borrow more than 1000 yuan as travel expenses. When they earn money from working, they remit back the account. After the establishment of mutual aid cooperatives, they also actively sought loans from the government for national farmland reconstruction projects and obtained agricultural loan subsidies for members to adjust the agricultural industrial structure. By the end of 2013, the mutual aid cooperatives had granted financial subsidy loans totaling 6.18 million yuan to their members, and their members had received financial discount of 185,000 yuan.

In 2007, Yimin Rural Fund Mutual Cooperative of Cangxi County was established. Jin Jigui said that in 2003, Wenlin Township was merged into Yuedong Town, and the rural credit cooperatives, the only financial institution in the township, also went away. Cangxi is also a typical hilly county with a large area. Wenlin Township is 65 kilometers away from the county seat and 19 kilometers away from the nearest township. It is extremely inconvenient for villagers to deposit and withdraw money. Mutual funds came into being.

For the villagers in remote mountain villages, this is a new thing, some hold the mentality of trying to join the community, some are still waiting to see. At that time, 1767 villagers from 10 villages in Wenlin Township joined the cooperative, with a share capital of 310,000 yuan.

At the beginning of the establishment of the cooperative, the mutual fund cooperative only carried out deposit, loan and remittance business. In 2009, the Mutual Aid Society negotiated with the insurance company to act as an agent for insurance business; in 2010, the Mutual Aid Society negotiated with the Civil Affairs Bureau and the Finance Bureau to pay various government subsidies for members of Wenlin District; in 2011, the Mutual Aid Society represented the electronic exchange business of Agricultural Bank of China, Credit Cooperative, Postal Savings and other banks, further facilitating the members. Tianshan Village member Liu Minfu said: "This business is good ah, I no longer have to ride to more than 20 miles away to withdraw money."

After 7 years of development, the mutual aid society has obtained unanimous recognition from the majority of members with practical actions. The number of members has increased from 1767 to 2001, and the shareholding area is 86.8% of 2306 local farmers.

Up to now, the total assets of mutual aid cooperatives are 19.01 million yuan, including loans of 12.3 million yuan; total liabilities of 17.41 million yuan, including deposits of 12.78 million yuan; owner's equity of 1.6 million yuan, capital adequacy ratio of 13.1%, loan provision ratio of 8.2% and provision coverage ratio of 1366%.

How to control risk?

Serving only members, villagers participate in monitoring the financial status of loan households

Jin Jigui introduced that the deposit interest rate of mutual aid cooperatives is one percentage point higher than that of rural credit cooperatives, and the loan interest rate is one percentage point lower.

How to control risk under meager profit management is a knowledge. Wen Weihu, a researcher at the Sichuan Province Banking Regulatory Bureau, said that at the beginning of the establishment of mutual aid cooperatives, financial risks were considered. In order to prevent and resolve various risks, mutual aid cooperatives strictly implemented the Interim Provisions on the Management of Rural Fund Mutual Aid Cooperatives, which did not cross business regions or business scopes, but only served members. The daily operation of a mutual aid society shall be the responsibility of the council, and the board of supervisors shall be responsible for supervising the operation and management activities of the council. Mutual aid cooperatives have established incentive and restraint mechanisms. For members who do not default on loans, 10% of the interest will be returned by transaction. If they do not default for 3 years, they can withdraw them. For defaulters, the mutual aid society reduces the credit amount and the loan interest rate rises by 10%.

In view of the fact that the members and staff members of the mutual fund cooperatives are laymen without any experience in the operation and risk control of financial institutions, Sichuan Banking Regulatory Bureau also introduced the system of "custodian bank" in the process of establishing Yimin mutual fund cooperatives. The rural credit cooperatives in Yuedong Town of Cangxi County are the custodian banks of the mutual fund cooperatives, and the mutual fund cooperatives are required to deposit a certain proportion of surplus cash or deposits into the custodian banks. Wen Weihu believes that the cooperation between fund mutual aid cooperatives and rural credit cooperatives can not only monitor the flow of funds of mutual aid cooperatives, but also help to build a good financial ecology in the local area and avoid becoming a pure competitive relationship.

In addition, mutual funds have member representatives in each village who act as liaison officers to monitor the family situation of member loan households and the operation of loans, and report to mutual funds immediately if there is any untrue situation or risk. So far, the non-performing loans of mutual aid cooperatives are only 74,000 yuan.

For the future, Jin Jigui said that mutual aid cooperatives will increase investment in "agriculture, rural areas and farmers", expand service coverage, strengthen internal management, and strive to transform mutual aid cooperatives from "extensive operation of grass-roots banks" to "fine management of modern new financial institutions".