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Sea cucumber pledge loan: sell part of it?

Not for sale.

Sea cucumber pledge loans mean that farmers only need to use sea cucumbers stored in cold storage as collateral to obtain loan funds from banks that account for more than half of the market value of sea cucumbers. This financial product has been fully rolled out in rural financial institutions, with an annual loan volume of more than 400 million yuan, driving the development of 5 leading agricultural enterprises, 46 farmers' professional cooperatives, and more than 2,000 breeding farmers to get rid of poverty and become rich.

Financial institutions’ loans are backed by property certificates—warehouse receipts, which control the approval of sea cucumbers leaving the warehouse and eliminate the risk of repayment ability by controlling the goods. Farmers pledge loan funds with warehouse receipts In exchange for time and space, we got rid of the dilemma of selling urgently and selling at low prices. This effectively solves the bottleneck problem that restricts financial institutions from supporting the development of agriculture, rural areas and farmers, and creates an industrial concentration effect.