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Farmers Become Lenders

2008-11-20LIUYUNYUN

Beijing Review 2008年46期

LIU YUNYUN

Longwan Rural Cooperative Bank, a bank of the farmers, by the farm- ers and for the farmers, was set up in Wenzhou City, Zhejiang Province in June 2005. It soon sparked people's inter-est when news came that it made a fortune of over 100 million yuan ($14.7 million) in2007. Guangzhou Daily provided full cover- age of the bank's operation. Excerpts follow.