Wokai delivers an internet microfinance platform that allows individuals to provide Chinese microentrepreneurs with loan capital. Our organization acts as an intermediary in this process, transferring funds from contributors abroad to microentrepreneurs in China through our field partners.
Who does Wokai support?
A typical Wokai microentrepeneur is a female rural inhabitant, living on less than $1/day. Her microfinance loan, ranging from $150-$300 dollars, provides her with the capital to start a small business. Her business varies by location, raising sheep in a rural grassland or operating a small fruit stand in a city center.
With her income, she accumulates savings, which allows her to allocate money towards long-term investments like education and health. By the end of her loan cycle, she has experienced increased financial independence, bolstered self-confidence, and a strengthened sense of community.
Learn more and contribute today at http://www.wokai.org.
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Posted by: Meghan | June 02, 2009 at 08:21 AM
Hey Casey and team,
We were more than happy to blog about you guys this week!
http://chinaphilanthropy.typepad.com/svg/2009/06/i-start-an-interview-with-wokais-casey-wilson.html
Keep up the great work!
Grace
Posted by: Social Venture Group | June 02, 2009 at 11:27 PM