Changing China one loan at a time

Google Tech Talks
January 12, 2009

ABSTRACT

As financial institutions melt down, you’ve probably heard a thing or two about credit–who gets it, from whom, and what it means for the global economy. There are very few bright spots in today’s economic environment, but the good news is that in many parts of the world, loans of just a few hundred dollars still have the capacity to change people’s lives. Join Casey Wilson, nonprofit startup entrepreneur, to talk about her work with Wokai, the first foreign-funded microfinance organization in China. Casey will share her experiences building an organization that gives the poorest of China’s poor the financing to build businesses that lift them from poverty.

Speaker: Casey Wilson
A co-founder of Wokai, Casey leads business strategy and development, Field Partner due-diligence evaluation, and public outreach. Casey’s background is in economic development and its applications in China. Casey has also studied Chinese at Tsinghua University, the University of California at Berkeley, and Middlebury College.

Duration : 0:36:1


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10 Responses to “Changing China one loan at a time”

phamiliar Says:

I’m such a sap… …
I’m such a sap…this video brought tears of joy to my eyes.

Provoost Says:

I would already be …
I would already be happy if I could make about the same interest as my bank account. I think paying interest to lenders would dramatically increase the amount of money that goes towards this.

From the point of view of the borrower, would a few percent on top of 15-20% be doable?

However, I understand that there are massive bureaucratic barriers to this. Hopefully these can be overcome at some point.

TrueSoreThumb Says:

The one downside is …
The one downside is that we don’t get a return on investment– if we give somebody 10, we don’t get 20 back.
I think I’d still invest though. I’d love a ROI though.

zcoolman1 Says:

it would be really …
it would be really great if i could get some macro-funding for my micro-chickens…….(they fit in the palm of your hand!!!)

hellaheckahyphy Says:

Great job, Casey! …
Great job, Casey! Wokai is doing great things and I’m looking forward to seeing it continue to grow!

ctwodt Says:

Hey Casey! just …
Hey Casey! just wanted to post a shoutout =] Good preso. I hope all’s well!

- Jay Liew

jp1989at Says:

dig your honesty …
dig your honesty baby

cLeAnPLasticSun Says:

Great info; great …
Great info; great speaker.

cLeAnPLasticSun Says:

Are you saying that …
Are you saying that I can be a philanthropist and make money doing so?

I think I may be interested.

vonleixy Says:

Great work, Casey.
Great work, Casey.

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