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Forged in Purgatory

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Fighting Poverty from the Trenches: Micro Finance in China

Mao Yushi  Fighting Poverty from the Trenches: Micro Finance in China

China’s economic boom has raised hundreds of millions of people out of poverty. In rural areas, widespread poverty remains a challenge. Fuping Development Institute began operations in 1993 with a RMB 500 budget, and since then, has become a major vehicle for poverty eradication in China. Today, Fuping manages a micro-loan portfolio worth tens of millions of RMB, with an impressive 97% repayment rate.

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