By Jim Rosenberg
Casey Wilson is the Co-founder and CEO of Wokai, the first person-to-person microfinance platform for China. Wokai means “I start” in Mandarin.
What’s happening in China?
China has the second largest potential microcredit demand in the world, next to India. Yet the total loan portfolio of China’s non-government microfinance sector is only $200 million, in contrast to India, whose microfinance sector is projected to reach $3 billion by the beginning of 2010.