Alibaba Group and Grameen Trust join to create Grameen China Microfinance
Grameen Trust of Bangladesh and Alibaba Group have joined hands to create the Grameen China initiative, an effort to provide micro-credit financial services to China’s poorest residents to create income generating opportunities and help lift them to a higher standard of living. Grameen China’s initial focus will be in Sichuan, which is still recovering from [...]
New Microlending for education site in India
India’s first non-profit peer to peer microlending site, RangDe.Org has launched an ambitious pilot project called Rang De Education to fund the school fees of 200 children in Hyderabad. The Rang De Education is a unique program that has been designed to address different educational needs of low income groups. The current initiative aims to [...]
Facebook for China’s Farmers
A recent article by Melinda Liu of Newsweek about wokai in China: Take a couple of tech-savvy American college grads, 200 million poverty-stricken Chinese, the internet, a digital camera, and a healthy dose of altruism. What have you got? Nick Mackie reports from rural Sichuan on an innovative scheme to lend money to poor farmers: [...]
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