Definitions
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Etymologies
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Examples
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Wokai is Chinese for "I start," demonstrating the commitment to helping the impoverished help themselves.
developerFusion - content James Crowley 2010
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The name means "I start" in Mandarin, but Wokai stalled at first because of Chinese rules preventing Wokai from raising money for the loan proceeds.
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To date, Wokai has made 1,100 loans totaling $350,000, with a 99.5% repayment rate.
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I couldn't imagine doing anything else, it's what I am programmed to do, she says of the decision to co-found Wokai, a non-profit that makes modest loans to small-business enterprises known as microfinancing to alleviate poverty.
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"China is one of the few countries where you could have a completely self-sustaining model of a country helping itself," says Wilson, Wokai's CEO.Despite visa hassles and headaches, the number of Americans living in China looks set to grow.
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"China is one of the few countries where you could have a completely self-sustaining model of a country helping itself," says Wilson, Wokai's CEO.Despite visa hassles and headaches, the number of Americans living in China looks set to grow.
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The name means "I start" in Mandarin, but Wokai stalled at first because of Chinese rules preventing Wokai from raising money for the loan proceeds.
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To date, Wokai has made 1,100 loans totaling $350,000, with a 99.5% repayment rate.
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Via the Wokai website, lenders can fund, with as little as $20, the small-business ideas of rural Chinese , then follow their progress.
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I couldn't imagine doing anything else, it's what I am programmed to do, she says of the decision to co-found Wokai, a non-profit that makes modest loans to small-business enterprises known as microfinancing to alleviate poverty.
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