The Age of Awakening: From the Young Runtu

Chapter 112 Saving Money and Borrowing Money
In addition to these, every soldier must also accompany the official's wedding and wedding ceremony, which is deducted from the military salary, so the soldier's already small salary is very little left.

And there is business.

Especially the private salt business.

In ancient times, some salt merchants were the most profitable.

The officers of the green battalion are depressed, they have no money to change, and they have money to spend.

There will be better ones, but not many.

Adjutant: "Mr. Zhang, I really have to thank you very much. It is difficult for us in the green battalion to fight against bandits, let alone foreigners. Relying on your two herbs, we have fought against bandits a few times. They are all very beautiful, and they will not be damaged. Younger brother, I respect you for this glass of wine."

"Thank you for being worthy of me, be my friend, drink."

Runtu is proud to drink.

Runtu: "The principal is 3000 taels, and I'll give you the interest of 100 taels a year. Do you think it's okay?"

"Why is this bad? But, isn't the interest too much?"

"It doesn't matter. There are profits and losses in business. Your money is different, and you have friendship."

"Okay, thank you very much, it's really good to make friends with you."

He came from the army, and Runtu wanted to ask about the army.

Runtu: "Rely on your parents at home and friends when you go out. Naturally, you have to take care of your friends. Lieutenant Li, I have a question I want to ask you."

"Mr. Zhang, tell me, I know everything."

"A few months ago. Zhang Degui, my shopkeeper, took two men to Hangzhou to deliver goods. When I came back, at the border of Shaoxing and Hangzhou, my two men were killed by bandits. Degui's leg was also injured. Seriously injured. People from the Cao Gang said that these bandits were soldiers pretending to be soldiers, so I want to ask Adjutant Li if you have any news about this. My people can’t just die like this.”

Lieutenant Li thought for a while, "I'm not very familiar with those in Jiangsu and Zhejiang. But the situation you mentioned, Mr. Zhang, does exist. Let me inquire about it for you."

"Thank you."

The seven or eight adjutants returned to Jiangxi with this round of military supplies orders.

Another list of tens of thousands of copies.

Their team did fight bandits a few times as well.

It is precisely because of this that the court allocated more money.

Not much to go anywhere.

The imperial court signed the treaty, paid compensation, and had no money.

After a few days, a lot of money went into the bank.

Zhang Degui is currently the treasurer of the bank, he seemed a little excited, "My boss, if we continue to do business like this, we will be able to do it in less than half a year."

Runtu: "Take your time. Lieutenant Li will talk to his people about this when he goes back. It seems that there will be soldiers' deposits coming over. No matter how much they are, they are all guests. You tell the guys, you must They should be treated the same, and one should not treat the other more favorably than the other. The attitude must be especially polite, these soldiers are easier to speak than anyone else when they are easy to speak, and harder than anyone else when they are not good at speaking."

After all, the interest rate is so high.

It is estimated that a lot of money can be received.

Runtu: "How is the lending situation now?"

After receiving the money, you have to lend the money.

The interest rate has to be higher to make money.

However, Runtu did not engage in too high interest rates.

He is currently developing.

Let's build up the reputation of the farmer's bank first.

Degui: "Tens of thousands of taels of silver were collected, and hundreds of taels of silver were released."

Borrowing money, most people don't think of borrowing money when they are not particularly short of money, and the interest rate is relatively high.

But there are more people who lack money.As long as there is collateral, the bank can borrow.

In this regard, pawnshops are somewhat similar to banks.

Most of the people who go to the pawn shop are poor people and people from poor families. They get the valuables at home to pawn for money, and if they have money, they can go back to the pawn shop to redeem their own things.

Pawnshops can exchange money in a short period of time, but it is almost impossible for ordinary people to redeem the exchanged items, because pawnshops have a rule of exceeding five but not six.

Generally, interest will be charged on a monthly basis for the first 35 days, but from the 36th day onwards, interest will be charged on a two-month basis. Generally, if people cannot redeem their own things within one month, then after two months, they will not be able to redeem their own things. Impossible, the ransom has been doubled several times.

Many people confuse money bank with pawn, thinking that they are the same kind, but they are not.

Pawnshops mainly target poor people, while money houses target wealthy and wealthy families with assets.

The development of some small and medium-sized shops does not rely on the support of the bank, but if they have no ability to repay, the bank will not lend him money. For ordinary people, they cannot go to the bank to borrow money at all.

But Runtu wants to change.

To make it possible for ordinary people to borrow money.

It's like the same thing as Papa Ma's Huabei Borrowing.To change the existing bank.

A family in Kuaiji.

"Boy, he has reached the age of marriage, the bride price, the banquet, the whole process, ten taels of silver is always required."

"Why don't you sell that bracelet. I guess it can be exchanged for a few taels of silver. Or go to a pawn shop."

"Pawn shop, can you pay it back? Why don't you go to the farmer's bank. Their interest rate is low."

Runtu's farmer's bank has not been opened for a long time, and the interest on saving money is similar to that on borrowing money, not too much.

And it's still long.

There is no pawn shop's rule of passing five but not six.

Her bracelet was greatly discounted in the pawn shop, and it would not be worth a lot of money.

"Okay, then I'll go to the farmer's bank to have a look."

She went to the bank.

Said the intention to borrow money.

Immediately someone came over to entertain.

"How much silver do you want to borrow?"

"My baby is at least five taels short of getting married."

"No problem. But what collateral."

Borrowing money now requires collateral.

"I have a bracelet."

The man took the bracelet over and looked at it, "It's not a good jadeite. It's just a green jadeite with a white background. The jadeite has a white background, and bright green floats on it like clouds. Although the green jadeite with a white background is delicate in texture, it is not enough. It is moist, and the outline of the internal crystals can be recognized with the naked eye. It is opaque, partially transparent, and it can make a slightly metallic crisp sound when it is struck. This is estimated to be about one or two taels of silver."

The woman was stunned for a moment, wondering if the bank didn't borrow money anymore?
Zhang Degui came over at this time, "Auntie, I don't want your bracelet either. Just sign this IOU with your handprint."

It's only five taels of silver, not much.

From Zhang Degui's point of view, there is no need for any collateral.

As long as it is a Kuaiji person.

With the IOU, everything else is easy to handle.

Zhang Degui: "You are optimistic about the interest, five taels of silver, ten cash per month. You can repay it at any time."

The interest rate is very low.

This is also up front.

Then adjust slowly later.

This is much, much less than the interest charged by usury lenders.

The woman kept thanking her, she never thought it would be so easy to borrow money.

(End of this chapter)