2008-7

Discovering Social Innovation in China _________

Fuping Development Institute

2008-7

Poverty Alleviation via Microfinance

500 RMB In 1993, the founders of Fuping, prominent economists Prof.

Yushi Mao & Dr. Min Tang experimented microfinance with 500 RMB in the Luliang mountains region of Shanxi province.

5 Million RMB In 2007, the microfinance project has already loaned 5

million RMB in total with a repayment rate of 97%, benefitting around 4,000 farmers from nearly 1,000 rural families.

UN China Microfinance Award In 2005 the project was awarded the United Nations Chinese

microfinance award, presented personally by the former president of the World Bank Mr. James Wolfensohn.

2008-7

Chinese Demographic Spread

Transientpopulation

0.97%

UrbanPopulation

538%

RuralPopulation

7.155%

Transient Population (100 million) Urban Population Rural Population

2008-7

2002, Vocational Training Project

2008-7

Vocational Training for household

2008-7

Joint-training in Cooperation with Factories

2008-7

Social Enterprise Achievements

12000 12,000 women from rural regions have been offered

training over 6 years.

15000 Average income soared to 15,000 RMB, the gross

income of an entire family previously.

50 50 employees at Fuping Vocational Training School,

most of whom laid-off workers.

2008-7

Key words: Innovative points are……

Opportunities from demands Collaboration Methods and tools Pilot project Network Sustainable development ……

2008-7

Fuping@2008

Social InvestmentMicrofinance Company

Social Entrepreneurs’ School

Migrant Workers’ Community Institute

Venture Philanthropy Partnership

Social Innovation

Skills development ：

Lead

System initiative ：Pathway to

Higher Education

In practice ：Community

Developments

2008-7

Fuping Social Enterprise Structure