It’s no suprise that I am a big fan of microfinance lending platforms.  I have always been a big supporter of Kiva and Microplace, but am always looking for new platforms to join.  Recently, I discussed the launch of a new platform called Veecus, which is a new organization in the microfinance scene.

However, one of the newest platforms out there might not sound so new.  Wokai, who has been working on launching their new platform, has been discussing their journey through their blog.  Recently, Wokai announced that they are launching a pilot version of their lending platform.  With the pilot platform, Wokai is looking for 200 people to test out the site by making $50 in contributions directly to microentrepreneurs in Inner Mongolia, and providing feedback on this process.

Here is a short video clip describing their new platform: