March 25, 2023

92-year-old grandmother did not want to go bankrupt, finally repaid loan of 24 crores in 10 years; everyone is praising

2 min read

Big industrialists like Vijay Mallya and Nirav Modi took loans worth thousands of crores and then fled from the country after defrauding the bank. Efforts are on to bring them back. But till now the investigating agencies have not got success. Now get acquainted with the story of this Chinese woman as well. A woman took a loan here. Due to the recession, the entire business came to a standstill. The bank wanted to declare his company bankrupt. But this woman did not allow this to happen and she returned the loan of 24 crores after taking 10 years. The age of this woman is now 92 years. Now everyone is convinced of his honesty.

According to the South China Morning Post, 92-year-old Chen Jining started a jacket factory in 1983 in Lishui, East China’s Zhejiang province. In those days she had retired as a doctor. After some problems the factory got into debt from 2011. Chen rejected suggestions from those around him that he should file for bankruptcy to avoid paying off the debt. He said, ‘This should not happen. A person who borrows money from others must repay it. I have to repay them.

hard earned money
Despite selling his business and two flats, Chen still owed 1.3 million yuan. To collect the money owed, Chen opened a retail shop selling jackets for about 300 yuan, which is more than most of his competitors. was cheaper than For the past decade, the chain has been operating its stores from 7 a.m. to 8 p.m. every day. Reports say that sometimes, grandmothers, despite their age, ride an electric pedicab across town.

honest grandmother
In February last year, Chen repaid his last loan – 70,000 yuan (US$10,000) he had borrowed from his nephew. People also know her by the name of ‘honest grandmother’. At the end of last year, the chain donated 1,000 pairs of down trousers to people in poor rural areas. He said, ‘The public is very kind to me, so I should contribute to the society.’

Tags: OMG News, Viral news

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