Donation-microloan hybrid helps rural Chinese

ga('send', 'event', 'Non-profit, Social cause', 'article', 'article-industry-impression', {nonInteraction: true});

Microlending organisation Kiva has been praised for helping small businesses in developing countries get off the ground by connecting them to individual lenders. Unfortunately, its innovative platform doesn’t serve Chinese entrepreneurs, due to restrictions in China’s monetary policy. Which is why Casey Wilson and Courtney McColgan established non-profit organisation Wokai, aiming to do for China what Kiva has been doing for other parts of the world. Since peer-to-peer lending isn’t an option, Wokai developed a hybrid model that combines traditional donations with the benefits of microloans.

Spotted another good idea???
Join our network and earn rewards

Add to my folders:

Select any pre-existing folders to add the current post to. Posts will be added to a 'default' folder if nothing is selected.

Create a new folder (Optional)

Separate with commas to add multiple folders. The current post is automatically added to any new folders you create (e.g. my new folder, my second folder).


Remove from my folders

Below is a list of folders where the current post appears in. Select the folder you wish to remove it from.