WOKAI China’s first giving website

Microfinance institutions can provide the poor with different financial services such as:

LOANS

Borrowing money that must be paid back later

SAVINGS

An account where people can store their own money

INSURANCE

A promise to repay a person in cases of lost or damaged property such as robbery or disaster

What is microfinance?

A small amount of money can go a

Pots to cook noodles Feed for piglets

Supplies for storeCoal to sell

With a small loan, people can invest in their business and talents. Whether it be for silk to make dresses, or feed for piglets, or noodles to make soup, that first loan can help people make it out there.

Why do the poor need these services?

MUHAMMAD YUNUS established a successful microfinance model when he founded the Bangladeshi Grameen Bank (Bank of the

Villages) in the 1970s.

How did it begin?

113,000,000 clients

by 2006

Nobel Peace Prize

$25,000,000,000 invested worldwide

98.35% repayment rate (Grameen)

Success Story

Where does China fit in?

—Microfinance - $3 billion (2010)

—Less than $1.25 – 456 million

—Microfinance Start – Late 1970’s

—Microfinance - $.2 billion (7% India)

—Less than $1.25 – 200 million

—Microfinance Start – I993

China’s Growing Divide

2.5X3.3X

4.6X

6.3X!

Equal

$11,880

$1,900

Urban-Rural Divide Projections

WuHailing's Story

After getting married, Wu Hailing was kicked out of her home and endured household debts from her and her husband’s families

WuHailing and her husband left to work as farm laborers

After a few years, they were able to pay off their debt and learned how to raise ducks

They invested in raising ducks, but all the ducks soon died

“We lost nearly all of our confidence and had to work our fingers to the bone just to keep our heads above water.”

What was WuHailing going to do next?

“Wo kai” means “I Start” in Chinese Wokai’s mission is to empower the impoverished in China to lift themselves from poverty by starting small businesses

Wokai Mission

Wokai Demo

1. You Choose & Contribute to WuHailing

2. Field Partner (ARDY) Distributes the Loan

4. You Redistribute to Another Rural Entrepreneur

3. You Track Her Repayment Progress

How Wokai helps WuHailing

How Do We Choose Them?

Meets international best practice

Requirements

Investment committee approval

Semi-annual on-site

Monitoring

On-site due diligence

Current Locations

Future Expansion Plans

Inner Mongolia(CZWSD

A)

Ningxia

Shaanxi

Sichuan(ARDY)

Field Partner Locations

Wokai – Behind the Scenes

What Happened to WuHailing?

Her family borrowed RMB 2,000 from ARDY and used it to

buy some more ducks Due to the help of the staff, they

were able to raise those ducks

without problems and earn income for their household

The staff members have not only taught them faming techniques,

they’ve also taught them how to manage money

In a couple years, she estimates that they’ll be able to repay all of their

debts and have enough so their son can go to school

Expats Academics Adopters Businessers

Ethnics

300,000 100,000 60,000 2,700,000

100,000

Visitors

500,000

Who’s Contributing to WuHailing?

Potential Number of Contributors:

3.76MM

Average Contribution Size:

Total Addressable Market:

$125

$470MM

Meaningful Impact in China

Direct:

Provide microloans to impoverished entrepreneurs for small businesses

Indirect:

Building a global community supporting microfinance in China

Provide a credible giving place and source of information

Enable microloan recipients to achieve economic prosperity — defined as the ability to afford healthcare, education and basic food, water, and shelter

$99,000 loan capital

raised11 months live

11 press

features 600

contributors

199

recipients

10 sponsors

Wokai at a Glance

150 volunteers

2 offices in Beijing, China and

Oakland, CA

.org

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WOKAI China’s first giving website