DFBW presentation

Wokai
And 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

How it works
The borrower repays the loan + interest, which covers the FP’s operational costs
Wokai receives donations
and grants to cover its
operational costs
Contributor
Field Partner
Contributor
Loan Recipient
Wokai
Wokai transfers the
$100 to our FP
You select a borrower
on Wokai.org and
donate $100
Our FP lends out the $100 and provides the borrower with training & support.
Loan Recipient
We let you know that the initial
loan has been repaid, you choose
a new borrower on Wokai.org and
our FP re-lends the $100

Wokai by numbers
20months live
350volunteers
391recipients
5permanent staff
$340,306loan capital
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!

Thank you…and let me know if you want to help!
julia.meek@wokai.org

DFBW presentation

by Julia on Aug 04, 2010

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