|
Wokai is a nonprofit organization that, through its website, connects contributors worldwide with entrepreneurs in rural China to help them start small businesses. Based in California, Wokai has core operations in Beijing, and active chapters in San Francisco, Seattle and New York. When a user contributes to a Chinese entrepreneur through Wokai, local MFIs lend out the money and manage its repayment. Once the loan is fully repaid, they recycle it to fund another borrower of the contributor's choice. Wokai’s field partners include the Chifeng Zhaowuda Women's Sustainable Development Association (CZWSDA), which works with women in Inner Mongolia, and the Association for the Rural Development of Yilong County (ARDY), located in northeastern Sichuan.
|