Synonyms for wokai or Related words with wokai
Examples of "wokai"
Wokai's blog featured updates from the field through
Fellows, profiles of
volunteers from around the world, personal glimpses of rural Chinese life, and commentary about current developments in rural China and the microfinance sector.
In May 2012,
announced that it was concluding operations due to a variety of factors.
allowed accredited microfinance institutions in China, called "Field Partners", to post profiles of qualified local entrepreneurs on its website.
had two Field Partners, the Association for Rural Development of Yilong County (ARDY), which is based in Sichuan, and Chifeng Zhaowuda Women's Sustainable Development Association (CZWSDA), in Chifeng, Inner Mongolia. Lenders browse and choose an entrepreneur they wish to fund.
aggregates loan capital from individual lenders and transfers it to the appropriate Field Partners to disburse to the entrepreneur chosen by the lender. The average loan is around $300 and is used by low-income entrepreneurs to invest in simple business improvements such as adding additional livestock or buying new products for dry goods stores. As the entrepreneurs repay their loans, the Field Partners remit funds back to
and the lender is alerted of this repayment. Once the loan was repaid, the
lenders could redistribute it to another entrepreneur, up to a total of three loan cycles.
was founded in March 2007 by Casey Wilson and Courtney McColgan after they met studying at Tsinghua University in Beijing.
grew to a leadership team of five, a Board of Directors, and an Investment Committee in addition to numerous volunteers, part of chapters in cities including 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.
also maintained a fellowship program called "
Fellows", which allowed selected individuals to work directly with one of Wokai's field partners in rural China.
After completing her analyst programme she moved to Beijing in 2009 to join online microfinance non-profit
as a full-time volunteer leading business development and fundraising.
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. It was a 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. As of May 2012,
concluded operations due to funding roadblocks and the need for a new CEO.
Donors' funds were transferred to
through Google Checkout. Wokai's Field Partners charged interest rates between 15% and 20%. Field Partners used the interest from borrower loans to cover staff salaries, transportation, and operating costs.
As of May 1, 2012,
is no longer in business. The organization sent letters to all the donors and posted a message on its website detailing the reasons for the shutdown. These included funding road blocks and an unmet need for a new CEO.
This position has caused some lenders to pull their funds (often moving them to other microfinance sites such as United Prosperity, Zidisha.org,
, Energy in Common, etc.) However, some have decided to continue to lend through Kiva, but do so in the spirit of Flannery's remarks. "Kivans Against Cockfighting Loans" was created in May 2009, and has since lent $15,625 as of June 8, 2012 to different borrowers pursuing projects that do not involve the harming of animals.
It also offers a wide variety of extra curricular activities, with over 100 clubs in the high school alone (as of the 2014-15 academic year). Students are actively involved in clubs including National Honor Society, National Art Honor Society, International Thespian Society, Tri-M Music Honor Society, SAS Honor Council, Model United Nations (MUN), Poetry Club, Architectural Design Club,
, Community Service, Quiz Bowl, National History Bee and Bowl, Make A Child Smile, Forensics, Amnesty International, Roots and Shoots, Habitat for Humanity, Gay Straight Alliance (GSA), Documentary Film Making, cooking, Comedy Club, Tabletop Gaming Society, Programming Club, Math Club (popularly called the AoPS or Art of Problem Solving Club, Mu Alpha Theta Club, Korean Culture Appreciation Club (KCAC), Robotics Club, Fencing Club, and Engineering Club.
A variety of crowdfunding platforms have emerged to allow ordinary web users to support specific philanthropic projects without the need for large amounts of money. GlobalGiving allows individuals to browse through a selection of small projects proposed by nonprofit organizations worldwide, donating funds to projects of their choice. Microcredit crowdfunding platforms such as Kiva (organization) and
facilitate crowdfunding of loans managed by microcredit organizations in developing countries. The US-based nonprofit Zidisha offers a new twist on these themes, applying a direct person-to-person lending model to microcredit lending for low-income small business owners in developing countries. Zidisha borrowers who pass a background check may post microloan applications directly on the Zidisha website, specifying proposed credit terms and interest rates. Individual web users in the US and Europe can lend as little as one US dollar, and Zidisha's crowdfunding platform allows lenders and borrowers to engage in direct dialogue. Repaid principal and interest is returned to the lenders, who may withdraw the cash or use it to fund new loans.
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