
Wokai takes a contemporary approach to the task of helping to pull people out of poverty. By implementing modern methods, they are revolutionizing how you can assist China’s poor.
Often the first question that comes to mind when considering contributing to a charity is – where does my money go? Despite the array of worthy causes, it’s hard to know whether your money will actually go to helping people or get lost somewhere along the way. If your goal is to actually reach individuals and help people, Wokai promises a more transparent, direct approach.
Joining Wokai’s site, you get to see exactly how your money is being spent, and who is benefiting from it. Wokai’s direct-to-individual approach allows you to track your donation much like you would an investment.
Wokai practices distributed lending, which means that numerous people can allocate portions of their donation to different individuals. The average loan is merely several hundred U.S. dollars.
There’s a Chinese proverb that says: Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.
That’s sort of what differentiates Wokai from a charity. It isn’t giving people money, it’s making tiny loans available to enable them to gain a foothold. Your contribution is the small boost that allows them to purchase the fishing pole! (more…)
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