Business

Wokai brings microfinance to China

We’ve mentioned them before (thanks, Mark) in our post about social entrepreneurship in Sichaun, but in case you didn’t hear the first time around, Wokai.org is raising loan capital for microfinance institutions in China.

A big thank you to co-founders Courtney McColgan and Casey Wilson for referring to ResponsibleChina in their recent blog post at Wokai Adventures.

A message from Courtney:

Wokai [is] a non-profit dedicated to alleviating poverty in China one loan at a time. Wokai achieves this goal through a user-driven microfinance website that connects contributors around the world with borrowers in China. Users choose borrowers to support, watch repayments, and pick who to fund next. Users also consume and share user-rated and user-generated content on China microfinance. Through information and capital exchange, Wokai aims to grow the microfinance sector in China and increase opportunities for the poor.For more information, check out our website at www.wokai.org.

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