New Year, New Wokai | Wokai.org 2.0 Launch Event March 11, 2010

Wokai, the first person-to-person China-focused non-profit microfinance organization, is celebrating its third anniversary and the launch of its new website at Sugar Cafe in San Francisco on March 11, 2010 from 6:00 PM to 9:00 PM.

The event, which is part of a series of launch events across Wokai’s global chapter network, sponsored by Cathay Pacific Airways, will give attendees an opportunity to learn more about some of the social challenges in the fastest developing economy in the world today and how they can become further involved. Interactive demonstrations will highlight new features on Wokai’s website including the latest tools that enable users to form lending teams and access information on Wokai’s activities around the world.

Attendees will also be able to meet like-minded individuals interested in philanthropy, innovation, and China, and learn more about Wokai’s work from its local chapter volunteers.

Pre-sale tickets for the event are available at www.wokai.org/events for $10. This amount will automatically be added to attendees’ accounts to be distributed to the Wokai borrower of their choice. Tickets are also available at the door for $15.

In the past year, Wokai has raised more than $140,000 worth of capital from a user base of over 830 contributors, and impacted the lives of nearly 300 impoverished Chinese individuals. In the new “Year of the Tiger,” Wokai hopes to bring $1,000,000 worth of additional capital to China’s rural population and is looking to recruit a full-time operations team.

For more information about Wokai, please contact the San Francisco Bay Area Chapter President, Ilyssa Lu, at [email protected]. Questions about the “New Year, New Wokai” event should be directed to Wokai’s Events Vice President, Christina Zhao, at [email protected].

ABOUT WOKAI: Wokai is a 501(c)(3) non-profit organization that enables Chinese people to lift themselves from poverty. Wokai is Chinese for “I start,” demonstrating the commitment to helping the impoverished help themselves. Wokai.org connects contributors worldwide with entrepreneurs in rural China to help them start businesses. All contributions made through Wokai will be perpetually used to help fund these entrepreneurs. The organization is headquartered in Oakland, California, bases core operations out of Beijing, and has active chapters in Beijing, Boston, Hong Kong, Los Angeles, NewYork, San Francisco, Seattle, Shanghai, Toronto, and Vancouver. For more information about Wokai, please visit www.wokai.org.

Official Website: http://www.wokai.org/events