Wokai

I found out about this microfinance organization through The Hashoo Foundation. Wokai specifically works in rural China.

From their About Us Page:

Wokai's team works on the ground to evaluate and monitor Field Partners who distribute contributions and collect repayments from recipients in rural China. The process is quite involved, but it's the only way we can ensure that all contributions are having the desired impact in rural China.

(1) The first step is visiting, evaluating, and training our Field Partners. Our Investment Committee must approve all new partnerships.

(2) Our Field Partners screen and select recipients in their local communities, then post their profiles on our website.

(3) Contributors (like you!) browse through their profiles, and make tax deductible donations to fund their loans. These tax deductions are valid in the United States of America, per our 501(c)3 status.

(4) Wokai distributes this money to our Field Partner for allocation to recipients.

(5) Field Partners collect loan repayments from recipients, and send updates to Wokai about their progress.

(6) Once the loan is fully repaid, you may reinvest your contribution to fund a different recipient's loan.

(7) This cycle continues for three loan terms. Afterwards, your contribution will be used as long term loan capital at Wokai's Field Partner.

Want to learn more about the process? Visit our Help Center.