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==History==
Wokai was founded in March 2007 by Casey Wilson and Courtney McColgan after they met 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> AsWokai ofgrew November 2010, Wokai hasto a leadership team of 5five, a Board of Directors, and an Investment Committee in addition to itsnumerous 16volunteers, chapterspart of volunteerchapters in cities representativesincluding in Beijing, Boston, Hong Kong, Los Angeles, Nanjing, New York, San Francisco, Seattle, Shanghai, Toronto and Washington, D.C., London, Singapore, Bristol, Dallas and Atlanta. (with upcoming chapters in Brussels, Chicago, Kunming, Taipei and Vancouver).<ref name="Team">[http://www.wokai.org/f/about/index.php?page=team "Team" on Wokai.org]</ref> Wokai also maintainsmaintained a fellowship program called "Wokai Fellows", which allowsallowed selected individuals to work directly with one of Wokai's field partners in rural China. Wokai has raised almost $380,000 in loan capital through over 6,800 contributions from 55 countries in order to distribute 504 loans.<ref>[http://www.wokai.org/ "Home" on Wokai.org]</ref>
<ref name="Wokai's Blog">[http://www.wokai.org/blog]</ref> Found on the company website, featuresfeatured updates from the field through Wokai Fellows, profiles of Wokai volunteers from around the world, personal glimpses of rural Chinese life, and commentary about current developments in rural China and the microfinance sector.<ref name="Wokai's Blog"/>
In May 2012, Wokai announced that it was concluding operations due to a variety of factors.
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