Winning the new financial era

Chapter 402
"People's hearts are not old, morality is degraded!"

Zhang Yida sighed, put down the paper materials in his hands, and turned to look at Huinongdai CEO Bao Bufan who was sitting beside him without saying a word.

Bao Bufan touched the top of Mediterranean Sea's head, and he said after a while, "The loan officers and risk control specialists involved in this incident have all been suspended.

In addition, the Ministry of Supervision has already gone to the branch in Fujian Province, and will thoroughly investigate the ins and outs of this incident.

If any employee is found to be breaking the law, we will not tolerate it. "

Zhang Yida didn't speak, and folded his hands on his chest, looking into the distance through the huge and bright floor-to-ceiling windows.

The loan fraud incident that broke out in Tazhai Village in Fujian Province made him very sad.

There are more than 500 people in the village, and a total of more than 1300 million yuan has been borrowed from Huinong Loan.

Then the collective overdue!
Called the customer service and found that most of the phones were down and turned off.

The few phone calls were made, and the borrower also said strongly: I have no money, welcome to do it!

The customer service lady is so angry, I have never met such an overdue borrower.

They are different from other mutual gold company's email reminders.

Other companies are dealing with urban borrowers, mostly young people in their 30s and [-]s.He is well-informed and educated, and he is not afraid of trouble at all.

Anyway, whether you send a fake lawyer's letter, or pretend to be a public prosecutor, you just don't hesitate.

What they are facing are all rural borrowers, mainly farmers, herdsmen, fruit growers, vegetable growers and so on.

These people generally do not deliberately overdue, even if there are a few who accidentally forget to repay, after receiving their calls, they sincerely express that they will pay back the money immediately.

If they go too far, they will find some reasons for defaulting, such as a bad harvest of grain or a dead sheep...

It's not uncommon to encounter such unscrupulous people, but they are rare.

As for a village like this, it is the first time.

These unusual things were fed back to the risk control department by the dispatch department, and then the risk control department formed an opinion report to Bao Bufan.

Bao Bufan was also the president of the Rural Commercial Bank, and when he saw this, he knew that he had encountered a fraudulent loan.

He didn't dare to stop, and immediately reported to Zhang Yida.

1300 million is not a big number for Huinongdai, which issued more than 60 billion yuan last year.

But last year, the total overdue rate was less than 1%, and the amount did not exceed 6000 million.The 1300 million can account for a quarter of last year's overdue amount.

In addition to increasing the overdue rate and causing heavy losses to the company.

More seriously, it shows that there is a problem with the risk control model of Huinongdai.

Maybe it's the risk control system, maybe it's the grassroots loan officer.

Regardless of the type, Huinongdai needs to be given great attention.

Huinongdai mainly focuses on poverty alleviation loans for rural areas and farmers with an annual interest rate of 6%-12%. It does not pursue commercial interests, but mainly promotes poverty alleviation through loans.

Having said that, the platform has more than 20 provincial branches and more than 2000 employees across the country.

So many branches and employees are not a small expense.

Considering the problem of bad debts, Huinongdai needs to generate a gross profit of more than [-] million yuan each year in order to maintain a balance of revenue.

The revenue of Huinongdai in 16 was 3.66 million yuan, all of which came from loan interest income.

However, there are mainly four major items of expenditure, capital costs, personnel salaries, company operations, research and development expenses, and provision for bad debts.

Taking the cost of capital as an example, 25% of the capital, 10 billion comes from self-owned funds, and the financing cost is zero;

The other 75% of funds, about 30 billion, come from major banks and the issuance of ABS bonds, and the financing cost is about 5%.

The cost of capital alone is 1.5 million, and then counting 5000 million bad debt provision and nearly 2 million personnel salaries, company research and development, and operating expenses.

Huinongdai had a net loss of about 4000 million last year!
Compared with the last round of equity financing of 10 billion yuan, the loss figure is not large.

But if the loss continues like this, the consumption of own funds will cause the cost of funds to rise, thereby increasing the loss.

Therefore, if Huinongdai wants to operate better and more stably, it cannot always rely on blood transfusions from shareholders, and must generate self-hematopoietic functions.

Staff salaries cannot be cut. Rural work is already hard enough, and the money is not enough. Who will work hard?
The company's operating and research and development expenses are not the bulk, and an annual expenditure of 4000 to [-] million is essential.

It is also difficult to compress the cost of capital, and if it is compressed again, the bank will do charity.

And reducing the bad debt rate has become the best choice for Huinongdai.

In addition, there is another way to increase output on the basis of the existing staff size.

Huinongdai has 2500 employees, and grassroots loan officers account for 80%.

2000 people, last year issued 60 billion yuan in loans, 300 million per capita.

If the per capita can reach 400 million, 500 million, or even higher, Huinongdai is expected to be profitable.

Bao Bufan dispelled the thoughts in his head, now is not the time to think about this!
The most urgent task is to find a way to get back the 1300 million overdue loans and recover the losses as much as possible.

"Old Bao, what did the risk control department say?"

After pondering for a while, Zhang Yida decided to follow up on this matter himself.

The money is not much, but what shakes is the foundation of Huinongdai.

Huinongdai provides farmers with low-interest loans, and the farmers also fulfill the contract and repay the loan on time. The meager profits generated in the middle are just enough to maintain the development and operation of the company.

The profit is already thin, if there are more such fraudulent loan incidents, the business model that Huinongdai has finally built will be overthrown immediately.

At that time, the Huinongdai model can also directly declare failure.

As long as the bad debt rate is well controlled, Zhang Yida will still think about further reducing the loan interest rate in the future.

And the increase in bad debts can only be reversed, increasing the borrowing rate and offsetting it with income.

This is unacceptable to Zhang Yida, and it also violates the original intention of Huinongdai's public welfare loan.

The most urgent thing is to figure out the whole story.Where there is a loophole, it should be filled immediately, so as not to repeat the same mistakes.

Bao Bufan smashed his mouth and said, "The money was lent out last year, and the purpose of the loan is to grow vegetables in greenhouses.

The data of these villagers has also passed the risk control system. They are all white households, and there is no problem with credit investigation and big data.

In addition, the five-household joint insurance model is also implemented.At that time, the Fujian Branch also sent investigators to conduct research on the greenhouse vegetable project..."

Bao Bufan zero zero sum total, described the situation once.

Zhang Yida rubbed his face, this is so unreasonable!

Is it the distortion of human nature behind it, or the loss of morality...

I am afraid that the real situation can only be found out after the Ministry of Supervision conducts an investigation in the past.

……

Li Shaohua is in his thirties, a law graduate, and has been engaged in corporate anti-corruption supervision for many years.

Huinongdai went to Fujian Province to investigate this time, and he was the leader of the investigation team.

He was accompanied by six team members, all of whom were former public prosecutors with experience in economic investigation and criminal investigation.

After leaving the airport, several people got into the car sent by the Fujian branch to pick them up and went straight to their destination.

Kuang Qingyun, the general manager of the Fujian Branch, sat in the office, pumping cigarettes one by one into his mouth non-stop, filling the room with smoke, as if cultivating immortals.

But at this moment, he is not as relaxed as cultivating immortals, his eyebrows are almost huddled together.

Ever since he received a call from the company headquarters asking him to meet his colleagues from the Supervision Department, he knew that his position might be hanging.

Under his command, such a large-scale loan fraud broke out, no matter what, he could hardly absolve himself of the responsibility.

What does the Ministry of Supervision do?Anti-corruption.

He didn't think he had done anything illegal or harmed the interests of the company, but it was difficult for the people below him to say.

More than 500 people in the whole village were overdue at the same time. He said that there were no ghosts, but he would not believe it.

In particular, Lin Jiren, a grassroots loan officer, resigned strangely one month before the overdue incident.

Why do you say weird?
Lin Jiren only joined the company in the second half of last year, but with his outstanding sales skills, he won a large loan order of 1300 million from Tazhai Village, and became a potential new star of the company in one fell swoop.

A college student who has just graduated has only joined the company for a few months, and he has made such a good performance, which can be said to have a bright future.

If Lin Jiren can maintain this momentum, he plans to send him to other cities to develop branches and serve as team manager.

As a result, this person resigned for no reason.

Jack Ma said that when employees leave, they are either wronged or given less money.

Kuang Qingyun believes that under his leadership, the company has an excellent atmosphere, and it is impossible for him to be wronged.

Lin Jiren's performance is so good, it's too late for other employees to curry favor with him.

Including his team manager, he praised him in front of him more than once.

As for the money, the commission of 10,000+ was also paid to him.

When there was a problem with the 1300 million large order in Tazhai Village, the company immediately contacted Lin Jiren, the person in charge.

But the phone didn't work!

In desperation, Kuang Qingyun had no choice but to send someone to Tazhai Village to look for Lin Jiren.

That's right, Lin Jiren is from Tazhai Village.

While looking for Lin Jiren, Kuang Qingyun also arranged other tasks for the staff, visiting the borrowers in Tazhai Village to find out the situation.

Before the people sent by Kuang Qingyun came back, the people from the Ministry of Supervision arrived first.

When he entered the office, Li Shaohua smelled a big smell of cigarettes. He rubbed his nose as he didn't smoke, but didn't say anything.

Kuang Qingyun shook hands with every member of the investigation team very enthusiastically, saying compliments such as "Thank you for your hard work".

After the few people were seated, Li Shaohua went straight to the point and asked, "Mr. Kuang, you should understand why we are here, right?"

Kuang Qingyun nodded, "It's clear, I will fully cooperate with everyone's work."

Seeing that the ashtray on Kuang Qingyun's desk was full of cigarette butts, Li Shaohua knew that the branch manager was under a lot of psychological pressure.

After pondering for a moment, he said, "Mr. Kuang, don't put any pressure on you.

The headquarters will definitely understand what happened, and will not wrong any good person. "

Li Shaohua asked about the beginning and end of the incident, while Kuang Qingyun recounted the incident from the beginning.

Including Lin Jiren's bizarre resignation, as well as his own conjectures, etc. have all been told.

"Then Mr. Yi Kuang means that Lin Jiren is the most suspect?"

Facing Li Shaohua's gaze, Kuang Qingyun nodded, "Yes, he is also from Tazhai Village, and it is very possible that he will collude with both inside and outside to defraud the loan!"

Li Shaohua nodded, and quickly analyzed in his heart.

At this time, Kuang Qingyun's cell phone rang.

"What, you were beaten? Is it serious? Which hospital?

OK, OK, I'll be right over! "

(End of this chapter)