dfbw presentation

WokaiAnd 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

C o n tr i b u to r W o k a i

You select a borroweron Wokai.org and donate $100

Field Partner

Wokai transfers the$100 to our FP

Loan Recipient

Our FP lends out the $100 and provides the borrower with training & support.

The borrower repays the loan + interest, which covers the FP’s operational costs

C o n tr i b u to rWokai receives donationsand grants to cover itsoperational costs

We let you know that the initialloan has been repaid, you choosea new borrower on Wokai.org andour FP re-lends the $100

Loan Recipient

How it works

Wokai by numbers

20months live

$340,306loan capital

391recipients 5permanent staff

350volunteers

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