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WokaiAnd me. And you.
What is microfinance?
• Provision of financial services to the
‘unbankable’, to help them lift themselves out
of poverty
• Includes loans, saving accounts, insurance etc.
• To find out more, ask any of the Wokai team
around the room…
What is Wokai?
• Wokai works with microloans
• Lending small amounts of money so that
people in rural China can start up or expand
their businesses
C o n tr i b u to r W o k a i
You select a borroweron Wokai.org and donate $100
Field Partner
Wokai transfers the$100 to our FP
Loan Recipient
Our FP lends out the $100 and provides the borrower with training & support.
The borrower repays the loan + interest, which covers the FP’s operational costs
C o n tr i b u to rWokai receives donationsand grants to cover itsoperational costs
We let you know that the initialloan has been repaid, you choosea new borrower on Wokai.org andour FP re-lends the $100
Loan Recipient
How it works
Wokai by numbers
20months live
$340,306loan capital
391recipients 5permanent staff
350volunteers
6322contributions from 46countries
Me!!
• Graduated in Chinese from University of
Leeds, UK (via Beijing)
• Wrote reports on ethical, listed companies for
a fund management and research company
• Co-founded ClearlySo.com, an online hub for
social business and enterprise
Why I joined…
• China
• Microfinance
• The individual stories… real life
Hudagula
What I do for Wokai
• Chief of staff, 参谋长
• Supporting team at HQ, so that we can reach
our objectives
• What you can do for Wokai…
We, and Hudagula, need you!
• Volunteer to translate
• Join chapters
• Spread the word (WOM, blog, email)
• Social media it up
– Facebook.com/wokai
– @wokai
– Renren/weibo/douban coming soon…
• Give us feedback
Our goal
• We aim to reach $1m in loan capital by Q4
2011
• … approximately 2000 loans to the rural poor
• And a China launch
• And we can’t do it on our own!
