microfinance

Microfinance Empowers Chinese Women

In early May, China’s main P2P microfinance organization Wokai announced that it will temporarily close its operations. This organization was solely directed at lending money to impoverished farmers in China. Fortunately, new...

In China, Philanthropy as a New Measuring Stick

The New York Times reports on the agreement by Jack Ma (CEO of the Alibaba Group) and Muhammad Yunus (founder of Grameen Bank) to create Grameen China: Alibaba Group is contributing the initial $5 million in seed money, but both...

Microfinance in China

Microfinance has always been a subject discussed in the context of India, Africa, or Southeast Asia, but few talk about it in the context of China. On the World Bank’s East Asia and Pacific on the Rise’s blog, an...

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