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Qifang is a Chinese peer-to-peer lending online community focused on student loans. Qifang was founded by Calvin Chin, who became its CEO. He is a Chinese American and a former ABC employee. With two friends, Qifang's operations were “basically doing a pure lending model focused on Chinese students wanting to go to school”.〔http://cnreviews.com/video/qifang_social_venture_calvin_chin_20080723.html〕 Mr. Tingbin Tang, a serial entrepreneur, later on joined Qifang as COO and then CEO.〔http://www.bnet.com.cn/2011/0518/2036429.shtml BNET Business Talent Web interviewed Qifang CEO Mr. Tingbin Tang〕〔http://news.sina.com.cn/green/2010-11-26/151821539293.shtml (At Nov. 24th, 2010, Qifang COO Mr. Tingbin Tang gave a speech at GSLF Global Sustainable Leaders Forum hosted by United Nation)〕 As a grown up from a small village in Hunan province of China, Tingbin understood how hard it is for a family to afford for their kids' tuition. So besides the lend to help model, he also introduced donate to help. For those college students who are able to pay back they can raise a P2P loan from Qifang; for those primary and/or middle school students who are not able to pay back, they can also raise a donation. Besides, Mr. Tang also introduced shop to help, game to help and ads to help business model to Qifang.〔(http://www.21innovation.org/2011/news_show.asp?id=14&page=1)〕 For personal reasons, Mr. Tang left Qifang at the early 2012. In April 2013, Qifang ceased operations.〔http://www.qifang.com Company website〕 == Background == China’s higher education sector has changed from a unified, centralized and closed system to one that allows openness and diversification. As the current undergoes decentralization and semi-privatization, there is greater inequality in educational opportunities.〔Higher Education in China〕 From 1989, China started to collect tuition and accommodation fees from its students enrolled in higher education institutions. The fees have since risen from 200RMB in 1989 to 5000RMB in 2007. Based on the figures, higher education tuition fees correspond to 37% of the average gross national income per person in China.〔(China 2007 )〕 Since 1999, average tuition fees are taking up roughly 50% of per capita GDP, compared to 20% observed in other developed countries. With the potential of tuition fees to further rise, average incomes in China may not be able to catch up.〔(2007. Higher dducation in China in the light of massification and demographic change. )〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Qifang」の詳細全文を読む スポンサード リンク
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