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Wokai.org: New launch parters with MFIs

Posted on October 09, 2008

By Erica Lee SchlaikjerWith about 300 million people living below the poverty line in China, microfinance -- most commonly defined as small loans for impoverished individuals to help them achieve financial self-sufficiency -- is an attractive option.Wokai.org, a capital-contributing microfinance intermediary, is trying to bring money to Chinese entrepreneurs who want to set up their own small businesses, like dumpling shops, fruit and veggie stands and animal husbandry operations.Wokai, which means I start in Chinese, fosters entrepreneurship and fights poverty by raising loan capital onli...

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beijing , china , chinese , corporate social responsibility , research , sustainability