Recently, Yu Changsheng, a major sericulture farmer in Gengpeng Community, Gengpeng Town, Yingshang County, Anhui Province, takes workers with baskets to the mulberry fields every morning to pull down the freshest mulberry leaves and feed the silkworms.
During the one-month growth cycle, silkworms eat mulberry leaves continuously and can increase their weight by 10,000 times. The bigger the silkworm is, the bigger the cocoon will be and the higher the price it will fetch. ,
At the beginning of this year, Yu Changsheng wanted to expand the scale of sericulture, but land rent, construction of silkworm houses and additional feed were a large capital investment. Gengpeng Branch of Anhui Yingshang Rural Commercial Bank learned of this situation and immediately We organized credit personnel to go to Yu Changsheng Sericulture Base to provide door-to-door services. After verifying the situation, we simplified the loan application procedures and issued a loan of 300,000 yuan the next day.
Nowadays, Yu Changsheng’s mulberry planting area is 130 acres, and his silkworm greenhouse has reached more than 3,000 square meters. The output value this year is expected to be around 600,000 yuan.
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