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China's Urban Dwellers To Exceed Rural Population, Presenting Strain On Cities and Social Problems in Countryside
#2130   七月 14, 2010 by Jenny Gao
According to Li Bin, director of the National Population and Family Planning Commission, China's population is expected to rise to 1.4 billion in 2015, including 200 million people over the age of 60. This is via the Washington Post: "China was tradi... read
China Income Inequality May Be Worse Than Expected
#2129   七月 14, 2010 by Jenny Gao
Here at Wokai, China's income inequality is a hot topic. Lack of data makes China’s income inequality difficult to calculate. Analysis is based primarily on Gini coefficient, which in China’s case, underestimates the data used and excluded many perso... read
Stories From The Field: Our Loan Officer Blogs About Life In Rural Sichuan And Wokai's Impact On A Borrower's Life
#2128   七月 13, 2010 by Jenny Gao
This is a guest post written by Chenjin, a Loan Officer at Wokai's Sichuan Field Partner ARDY. It is translated by Beijing volunteer Laura Du. In southwest China there is a village in the mountains surrounded by mountains and water; the civilians her... read
Why Women + Microfinance = Less Poverty
#2127   七月 12, 2010 by Jenny Gao
Thank you to Chris Noble of Cause Media Group for passing along this article to me. An interview with Women's World Banking's CEO Mary Ellen Iskenderian in Dowser.org An accomplished woman in Finance, Mary Ellen worked at Lehman for four years out of... read
"Kiva.org Meets Facebook In China?" Interview With Wokai Founder Casey Wilson On CGAP Technology Blog
#2126   七月 12, 2010 by Jenny Gao
Casey was just featured on CGAP Technology Blog in an interview with Jim Rosenberg ! The interview below: What’s happening in China? China has the second largest potential microcredit demand in the world, next to India. Yet the total loan portfolio o... read
The Alibaba Group Pioneers E-Commerce Microcredit Company in China
#2125   七月 12, 2010 by Jenny Gao
The Alibaba group has recently pioneered an e-commerce microcredit company called Zhejiang Alibaba Microcredit Company (ZAMCC) based in Hangzhou, Zhejiang province. This company will provide loans of less than 500,000RMB to small and medium-sized ent... read
Wokai Staff Blogs: Our Philanthropic Hacker Ben Benson's Engineering Report: Building a Template Email System
#2124   七月 8, 2010 by Ben Benson
As the official philanthropic hacker at Wokai, I've been asked to provide regular updates on new product features, behind-the-scenes development, technology related to peer to peer lending, or even Internet engineering in general if I think it is pa... read
Wokai Staff Blogs: Jenny Gao writes about the Great Wall, voting on Chase Giving, and the $1 Million Marketing Goal
#2123   七月 8, 2010 by Jenny Gao
It’s been a crazy week, much like last week, and the one before that. Our staff retreat at Mutianyu at the Great Wall was productive and rewarding, but took a dent out of our time last week, and I returned on Monday trying frantically to catch up. Th... read
助'我开- 小额信贷'赢 $250000！
#2122   七月 7, 2010 by Jenny Gao
请大家去 Chase Giving Challenge 帮我们投票！！ 谢谢！ For those without access to Youtube: ... read
Korea To Become The World's Largest Microfinance Market By 2011?
#2121   七月 6, 2010 by Jenny Gao
Intruiging article I came across today in the Korea Herald, states that microfinance loans in Korea may triple this year to become the world's largest microfinance market by 2011. A state-backed initiative that just began in December last year has al... read
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Photos from the Field

  

Microfinance recipients running their snack stand at Wokai's Field Partner, ARDY, in Sichuan Province.

 

 

Microfinance recipient, Michoko (Inner Mongolia), standing proudly with her husband in front of her sheep farm.

 

Microfinace recipient with her daughter making a bi-weekly repayment at Wokai's Field Partner, ARDY, in Sichuan.

 

Zhang Rong, a microfinance recipient at Wokai's Field Partner, ARDY, in Sichuan, running her Hot Pot stand. 

 

Tu Ya, a loan officer at Wokai's Field Partner, CZWSDA, in Inner Mongolia, teaching her loan group about various simple cures and measures to help insure they won't get ill during the winter.