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”.
Mr. Tingbin Tang, a serial entrepreneur, later on joined Qifang as COO and then CEO.
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.
For personal reasons, Mr. Tang left Qifang at the early 2012.
In April 2013, Qifang ceased operations.
Bite the hand that feeds your face
One more thing you can replace
Shut my mouth because I’m spilling all your dirty secrets
Slap the wrist of this embrace
You're the one who's losing face
Search the quiet corners
Lock the door I can hear you screaming
Don't wake up you're not really dreaming
When your world starts caving in
I'd still take you in
Pour the salt straight in my veins
I wont need them anymore
Make the cut much deeper
Lying on your bedroom floor
I'm giving up, I’m giving up
When your world starts caving in
I'd still take you in
And if your world filled you with fear
I'm already here
And I've been everything you ever needed
Ever wanted, everything you wished for
And this is how you repay me
And I've always been right here
You'll play your part and I'll play mine
Even if I don't want to
Wish I understood this game
But it cost me just the same
Whatever I owe you
Never sacrifice the pain
But it always ends, it always end the same
When your world starts caving in
I'd still take you in
And if your world filled you with fear
I'm already here