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This project details the P2P microfinance program led by Wirly Xiao, focusing on real-life case studies of two villagers: Luo Yanlin and Li Fengmei. It emphasizes the importance of evaluating business potential, taking risks, and fostering communication and trust within the team. Despite challenges such as declining working ability and lack of experience, both villagers have plans for future loans aimed at sheep breeding and agriculture. The session concludes with reflections on lessons learned, making informed decisions, and the essence of perseverance in finance.
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P2P Microfinance Program By Wirly Xiao
What is P2P? P2P means ‘Peer to Peer’.
Our team members Chinatown uncle Gorilla Photographer “We ate lunch” Nosebleeder Zombie
Villager #1: LuoYanlin(罗彦林) 51 years old 5 family members Declining working ability 2 past loan experiences No irrigated land Future loan plans: Sheep breeding Income: Labor, livestock, agriculture
Villager #2: Li Fengmei(李凤梅) 28 years old 4 family members No experience with livestock No past loan experiences 2 acres of irrigated land Future loan plans: Sheep breeding Income: Labor (husband)
Comparison of Cash Flow I’m taller than you Why am I even here?
Final decision Villager #1: LuoYanlin(罗彦林)
Reflection Did we really learn all that????? • What we learned: • How to evaluate a business • Taking risks • Tolerance • Decision making • Perseverance • Communication • Money doesn’t come easily • Team trust
Any questions for us? Q&A Thank you for your time!