Wokai was founded in March 2007 by Casey Wilson and Courtney McColgan after meeting while studying at Tsinghua University in Beijing.<ref name="Newsweek">[http://blog.newsweek.com/blogs/chinacalling/archive/2009/04/01/facebook-for-china-s-farmers.aspx China Calling : Facebook for China's Farmers]</ref> As of November 20092010, it has a staff of 8 and maintains 511 chapters of local volunteer representatives in Beijing, Boston, Hong Kong, Los Angeles, Nanjing, New York, San Francisco, Seattle, BeijingShanghai, Toronto and HongWashington, KongD.C. (with upcoming chapters in Atlanta, Brussels, Chicago, Dallas, Kunming, London, Singapore, Taipei and Vancouver)<ref name="Team">[http://www.wokai.org/f/about/index.php?page=team "Team" on Wokai.org]</ref> and has raisedalmost $106380,600000 in loan capital through over 6,800 contributions from 66046 contributorscountries toin distributeorder to 205distribute recipients504 loans.<ref>[http://www.wokai.org/ "Home" on Wokai.org]</ref> As of November, 2010, Wokai is still the only online, P2P microfinance platform servicing rural China.
