Wokai: Difference between revisions

Revision as of 19:25, 20 February 2022

Revision as of 17:11, 20 March 2022

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'''Wokai''' was an organization that allowed people to contribute directly to [[microfinance]] institutions in China, which in turn lend the money to entrepreneurs in rural China.<ref name="SF Chronicle">[http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/04/13/BACB16VUFE.DTL Tiny loans, big difference at Bay Area Web site]</ref><ref name="MSNBC">[https://web.archive.org/web/20090729214003/http://worldblog.msnbc.msn.com/archive/2009/07/28/2012055.aspx "Role-reversal: Americans provide loans to Chinese - World Blog - msnbc.com"]</ref> It was a [[501(c)|501(c)(3)]] [[non-profit organization]] based in [[Oakland, California]], with core operations in [[Beijing]], supported by individual donors, corporate sponsors, fundraising events and grants.<ref name="About">[http://www.wokai.org/f/about/index.php "About" on Wokai.org]</ref> As of May 2012, Wokai concluded operations due to funding roadblocks and the need for a new CEO.<ref name="Announcement">{{cite web |url=http://en.wokai.org/announcement {{Dead|title=Wokai - Microfinance in China link|datewebsite=Februaryen.wokai.org 2022|url-status=dead |archive-url=https://web.archive.org/web/20120502062209/http://en.wokai.org/announcement |archive-date=2012-05-02}} </ref>

==History==