2. 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…
3. 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
4. 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
5. Wokai by numbers 20months live 350volunteers 391recipients 5permanent staff $340,306loan capital 6322contributions from 46countries
6. 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
7. Why I joined… China Microfinance The individual stories… real life
9. 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…
10. 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
11. 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!
