Villagers said their signatures had been used to apply for almost 100 million yuan (US$15 million) in loans. Photo: AP Villagers said their signatures had been used to apply for almost 100 million yuan (US$15 million) in loans. Photo: AP
Villagers said their signatures had been used to apply for almost 100 million yuan (US$15 million) in loans. Photo: AP
China Society
China /  People & Culture

Hundreds of Chinese villagers end up on social credit blacklist after being ‘tricked’ into applying for US$15m worth of loans

  • Uneducated rural residents say they did not realise what they were signing and said they thought they were acting as guarantors for friends and relatives
  • Half of village’s population affected after they were pursued by the courts for unpaid debts

Topic |   China Society
Laurie Chen
Laurie Chen

Updated: 5:41am, 28 Feb, 2019

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Villagers said their signatures had been used to apply for almost 100 million yuan (US$15 million) in loans. Photo: AP Villagers said their signatures had been used to apply for almost 100 million yuan (US$15 million) in loans. Photo: AP
Villagers said their signatures had been used to apply for almost 100 million yuan (US$15 million) in loans. Photo: AP
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