"I wasn't finished yet. Actually, solving those two problems isn't difficult."
Wang Ye said with a smile, then explained his solution to his father in detail.
The first problem was how to determine whether someone borrowing money truly needed it to resolve some difficulty or start a business, rather than borrowing it to squander.
That was simple, because the people managing the fund would all be from the village.
Anyone from the countryside knew that in a village, hardly any family had secrets.
People saw each other every day. If you spoke a little too loudly at home, the neighbors next door might hear exactly what you were talking about.
Those who wanted to fish in troubled waters would have nowhere to hide in front of their fellow villagers.
Besides, there would be a public disclosure process before anyone borrowed money.
If a family applied for a loan, after it was discussed and approved by the fund committee, it would be announced to the entire village, letting everyone know which family was borrowing money and why.
If the stated reason was fake, then without question, someone would point it out.
This was where Wang Ye made use of people's selfishness.
To be honest, most people couldn't stand seeing others doing well, especially people from the same village...
Watching someone else make money felt even worse than losing money yourself!
That wasn't just empty talk...
When this fund was established, everyone would be told that this money was available for anyone to borrow when needed. In other words, it belonged to the whole village!
So think about it: if someone from the village wanted to use a false excuse to "take" your money, wouldn't a lot of people feel pretty upset about it?
Of course they would expose them!
The power