Home » Supplement » Education
From cakes to US$1.1m
ONE of the most noteworthy charity efforts students have undertaken in Dulwich College Shanghai is the practice of microcredit: the provision of small, low-interest loans given to low-income clients to alleviate financial difficulties and empower communities.
In April, we started as a group of volunteers and began by planning bake sales and other small events.
Our first bake sale made 2,000 yuan (US$321) which we distributed to Chinese agricultural projects.
We have come a long way since then. Instead of bake sales, we now seek donations from corporations as well as private benefactors. We manage a highly diversified loan portfolio with US$1.1 million in financial impact.
We have expanded to a multinational level: our current loan portfolio encompasses 40 nations, most in Africa and Latin America. And instead of a small group of volunteers, we now have a board of directors.
To date, we have financed the educations of doctors, lawyers, nurses and entrepreneurs.
In April, we started as a group of volunteers and began by planning bake sales and other small events.
Our first bake sale made 2,000 yuan (US$321) which we distributed to Chinese agricultural projects.
We have come a long way since then. Instead of bake sales, we now seek donations from corporations as well as private benefactors. We manage a highly diversified loan portfolio with US$1.1 million in financial impact.
We have expanded to a multinational level: our current loan portfolio encompasses 40 nations, most in Africa and Latin America. And instead of a small group of volunteers, we now have a board of directors.
To date, we have financed the educations of doctors, lawyers, nurses and entrepreneurs.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.