In Qijia Village, 62 households pooled a total of 1.86 million. Those with money paid directly, while those without borrowed from the Qi family, all with IOU notes detailing interest rates and repayment deadlines.
Father Qi personally put up 2 million, taking a stake of over 50 percent and becoming the first director of the Qijia Village family enterprise.
Counting the 1.26 million lent out, the family had shelled out a total of 3.26 million. Their current cash flow was simply not enough, so Qi Tongwei had no choice but to borrow 1.5 million from Zhao Lifu.
Chapter 189