Qifang

Shanghai, China
Finance
CEO: Calvin Chin, 35

Qifang has developed an online microfinance site to help aspiring Chinese university students pay for their schooling. Students who can't afford tuition post their profiles on the site in hopes of catching the attention of well-off individuals or businesses who could lend them money. Qifang brokers the transactions and helps manage the loan portfolios, earning money by charging a 2% fee on each loan.

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