"People's hearts are not as old as they used to be, and their morals are corrupted!"
Zhang Yida sighed, put down the paper materials in his hands, and turned to look at Bao Bufan, CEO of Huinongdai, who was sitting next to him without saying a word.
Bao Bufan touched the top of Mediterranean's head and said after a while, "The loan officer and risk control specialist involved in this incident have been suspended.
In addition, the Supervision Department has gone to the Fujian branch and will thoroughly investigate the ins and outs of this incident.
If an employee is found to have violated the law, we will not tolerate it."
Zhang Yida said nothing, folded his arms on his chest, and looked 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 left him very disappointed.
There are more than 500 people in the village, and together they have borrowed more than 13 million Huinong loans.
Then the collective was overdue!
I called customer service and found that most of the phones were down and turned off.
During the few times the phone was connected, the borrower also said very forcefully: If you have no money, you are welcome to do it!
The customer service girl was so angry. I have never seen such an overdue borrower.
They are different from the e-mail reminders of other mutual financial companies.
Other companies deal with urban borrowers, mostly young people in their twenties and thirties. They are well-informed and educated, and are 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 have to be cowardly.
And they are all dealing with rural borrowers, mainly farmers, herdsmen, fruit farmers, vegetable farmers, etc.
These people generally do not intentionally overdue the loan, and even if there are a few who accidentally forget to repay the loan, after receiving their phone calls, they sincerely expressed that they would repay the money immediately.
Even those who go too far will find some reasons for defaulting on arrears, such as the harvest has failed or the sheep has died...
It's not that we have never encountered people like this who are not stingy, but they are rare.
As for a village looking like this, this is the first time.
These unusual things were reported back to the risk control department by the electronic reminder department, and then the risk control department formed an opinion report and gave it to Bao Bufan.
Bao Bufan was also the president of a rural commercial bank. When he saw this, he knew that he had encountered a fraudulent loan.
He did not dare to stop and immediately reported it to Zhang Yida as soon as possible.
13 million is not a big number for Huinong Loan, which lent more than 6 billion last year.
But last year, the total overdue rate was less than 1%, and the amount did not exceed 60 million. This 13 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.
What's more serious is that there is a problem with Huinongdai's risk control model.
Maybe it's the risk control system, maybe it's the grassroots loan officer.
No matter which one it is, Huinong Loan needs to be paid great attention to.
Huinongdai mainly focuses on rural poverty alleviation loans with annual interest rates of 6%-12%. It does not pursue commercial interests and mainly promotes loan poverty alleviation.
Having said that, the platform has more than 20 provincial branches and more than 2,000 employees across the country.
So many branches and employees are a big expense.
Considering the problem of bad debts, Huinong Loan needs to create a gross profit of more than 200 million every year to maintain revenue balance.
Huinongdai's revenue in 2016 was 366 million yuan, all of which came from loan interest income.
But there are four main major expenses: capital costs, personnel salaries, company operations, research and development expenses, and bad debt provisions.
Taking capital cost as an example, 25% of the capital, 1 billion, comes from self-owned funds, and the financing cost is zero;
The other 75% of funds, about 3 billion, comes from major banks and the issuance of ABS bonds, and the financing cost is about 5%.
Capital costs alone amounted to RMB 150 million, plus bad debt provisions of RMB 50 million and staff salaries of nearly RMB 200 million, as well as company R&D and operating expenses.
Huinong Loan had a net loss of about 40 million last year!
Compared with the previous round of equity financing of 1 billion yuan, the loss figure is not large.
But if you continue to lose money like this, your own funds will be consumed, which will cause the cost of capital to rise, thus increasing the amount of losses.
Therefore, if Huinong Dai wants to operate better and more steadily, it cannot always rely on blood transfusions from shareholders. It must develop its own hematopoietic function.
Staff salaries cannot be reduced. Rural work is already hard enough, but if the money is not enough, who will work seriously?
The company's operating and R&D expenses are not large, with an annual expenditure of 30 to 40 million is essential.
It is also difficult to compress capital costs any further. Any further compression will mean that banks are doing charity.
And reducing the bad debt rate has become the best choice for Huinong Loan.
In addition, another way is to increase output based on the existing staff size.
Huinongdai has 2,500 employees, 80% of whom are grassroots loan officers.
2,000 people issued 6 billion yuan in loans last year, with an average of 3 million yuan per person.
If the average per capita can reach four million, five million, or even higher, Huinong Loan is expected to be profitable.
Bao Bufan dismissed the thoughts in his mind, now is not the time to think about this!
The top priority is to find a way to get back these 13 million overdue loans and try to recover the losses.
"Lao Bao, what did the risk control department say?"
After pondering for a while, Zhang Yida decided to follow up on this matter personally.
The money is not much, but it shakes the foundation of Huinongdai.
Huinongdai provides farmers with low-interest loans, and the farmers fulfill their obligations and repay the loans on time. The meager profits generated in the process are just enough to sustain the company's development and operations.
Profits are already thin. If there are a few more fraudulent loan incidents like this, the business model that Huinongdai has finally built will be overthrown immediately.
At that time, the Huinong Loan model can also be declared a failure directly.
As long as the bad debt rate is well controlled, Zhang Yida will still have ideas to further lower the borrowing interest rate in the future.
As bad debts increase, the only way to do the opposite is to increase borrowing rates and use income to offset them.
This is unacceptable to Zhang Yida and goes against the original intention of Huinongdai’s public welfare loan.
The most urgent task is to figure out the whole story. If there are any loopholes, fix them immediately to avoid making the same mistakes again.
Bao Bufan smacked his lips and said, "The money was loaned last year, and the purpose of the loan was to grow greenhouse vegetables.
The data of these villagers has also passed the risk control system. They are all white households, and there are no problems with credit reporting and big data.
In addition, the five-household joint guarantee model was also implemented. At that time, the Fujian branch also sent researchers to conduct research on the greenhouse vegetable project..."
Bao Bufan and Ling Ling summarized the situation.
Zhang Yida rubbed his face, this makes no sense!
Is it the distortion of human nature or the loss of morality behind it...
I'm afraid we can only find out the real situation after the Supervision Department conducts an investigation.
…
Li Shaohua is in his thirties, graduated from law, and has been engaged in anti-corruption supervision of companies for many years.
Huinongdai went to Fujian Province to conduct an investigation this time, and he served as the leader of the investigation team.
He was accompanied by six other team members, all of whom were former public prosecutors and legal personnel 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 headed straight to their destination.
Kuang Qingyun, general manager of the Fujian branch, was sitting in his office, putting cigarettes into his mouth one by one, making the room filled with smoke, as if he was cultivating an immortal.
But at this moment, he was not as free and at ease as a cultivator. His eyebrows were almost bunched up.
After receiving a call from the company headquarters asking him to greet his colleagues from the Supervision Department, he knew that his position was probably in doubt.
Under his jurisdiction, such a large-scale loan fraud incident broke out, and no matter what, he cannot escape the blame.
What does the Supervision Department do? Anti-corruption.
He admits that he has not done anything illegal or harmful to the interests of the company, but it is difficult for people below him to say so.
More than 500 people in the village were overdue at the same time. He would not believe it even if they said there were no ghosts.
In particular, grassroots loan officer Lin Jiren resigned bizarrely one month before the overdue incident occurred.
Why do you say bizarre?
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 13 million yuan from Tazhai Village and became a potential new star of the company in one fell swoop.
A newly graduated college student who has only joined the company for a few months and has already achieved such good results can be said to have a bright future.
If Lin Jiren can maintain this momentum, he plans to send him to develop branches in other cities and serve as a team manager.
As a result, this person resigned without any reason.
Jack Ma said that when employees leave, they either feel wronged or receive 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 was so good that it was too late for other employees to fawn over him.
Including his team manager, they all praised him in front of them more than once.
As for the money, the commission of more than 100,000 yuan was given to him in penny cents.
After a problem arose with Tazhai Village's 13 million order, the company immediately contacted the manager Lin Jiren.
But the phone call can’t be reached!
In desperation, Kuang Qingyun had no choice but to send people to Tazhai Village to look for Lin Jiren.
Yes, Lin Jiren is from Tazhai Village.
While looking for Lin Jiren, Kuang Qingyun also arranged other tasks for his employees, including visiting the borrowers in Tazhai Village to understand the situation.
Before the people sent by Kuang Qingyun came back, the people from the Supervision Department arrived first.
When he walked into the office, Li Shaohua smelled a strong smell of cigarette smoke. As a non-smoker, he rubbed his nose and said nothing more.
Kuang Qingyun shook hands with every member of the investigation team very enthusiastically and said complimentary words such as "Thank you for your hard work."
After a few people sat down, Li Shaohua went straight to the topic and asked: "Mr. Kuang, you should understand the purpose of our visit, right?"
Kuang Qingyun nodded, "Make it clear, I will fully cooperate with you in your work."
Seeing the ashtray on Kuang Qingyun's desk filled with cigarette butts, Li Shaohua knew that the branch manager was under great psychological pressure.
After pondering for a moment, he said: "Mr. Kuang, don't feel any pressure.
The headquarters will definitely understand the whole story and will not wrongly accuse any good person."
Li Shaohua asked again about the beginning and end of the matter, and Kuang Qingyun told the story exactly.
Including Lin Jiren's bizarre resignation, as well as his own conjectures, etc., he talked about it.
"Then according to Mr. Kuang's opinion, Lin Jiren is the most suspect?"
Facing Li Shaohua's gaze, Kuang Qingyun nodded, "Yes, he is also from Tazhai Village. It is very possible that he colluded with both internal and external parties to defraud loans!"
Li Shaohua nodded and quickly analyzed in his mind.
At this time, Kuang Qingyun's cell phone rang.
"What, you were beaten? Is it serious? Which hospital are you in?