Wokai is a non-profit organization that has taken a leap of faith in creating opportunities for rural living Chinese people by giving them micro-loans.
Wokai was created with the idea that everyone deserves a chance. This was realized by the founder Courtney McColgan and Casey Wilson when they were traveling through the rural parts of China. She saw the extreme poverty and hopelessness in the people she met and decided to dedicate her life to create opportunities for those living in poverty.
By granting micro finance loans, Wokai watch as their clients grow their businesses, repay their loans and lift themselves from poverty.
Utilizing the principle of micro finance, they connect you with people in rural China who want to start small businesses, but just need a little help getting there. You make a tax deductible contribution to sponsor that person’s loan, watch as they grow their businesses, repay their loans, and lift themselves from poverty. At the end of the year, you re-invest your contribution and help another borrower start a business.
Since their founding in 2007, thousands of people from all over the world have joined the Wokai movement, supporting borrowers in Sichuan and Inner Mongolia. Working closely with field partners on the ground, Wokai have achieved a 99.5% on-time repayment rate. The entrepreneurs they fund are not only being lifted from poverty, their success is changing their entire communities, reversing the cycle of poverty around them.
