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I work in Advertising Operations at Zillow, but LOVE microfinance. I'm always interested in startups, especially non-profits, reach out to me if you're working on anything cool!
Katherine is a recent graduate from Cal Poly San Luis Obispo where she studied International Business and French. She is currently working at a private equity firm in the San Francisco Bay Area. Katherine loves to travel, and recently spent her summer volunteering in Mauritius.
Jason is from Bellingham, Massachusetts, a small suburb between Providence and Boston. He is currently enrolled as an undergraduate student majoring in international business at the University of Massachusetts-Amherst. After working in the commercial and personal loan industry he became interested in microfinancing. When Jason is not working or attending school, he is interested in Boston-based sports teams, meeting new people, and spending time with family and friends. After graduation he plans to work in the personal finance industry while earning his MBA.
Recently I’ve seen a few articles by the China Daily and Microcapital that discuss how the microfinance industry in China is growing rapidly, with strong YoY grow. This sounds right considering the economic growth that they are seeing, but then it got me wondering why there are more lending platforms or easier ways to loan to these people. Wokai used to be a lending platform that only served people in China, but they had to shut their doors earlier this year. Additionally, you don’t see China as one of the lenders on some of the bigger lending platforms such as Kiva. I always figured that it was due to the fact that the infrastructure wasn’t there to support it, but it looks like it is. I wonder if someone new will come in and try to brdige the gap between lenders in the western world and loan recipients in China.