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Vittana makes it possible for you to make small micro-loans -- as little as $25 -- to students in the developing world. Our mission is to jump-start student loans in the developing world through person-to-person lending. http://www.vittana.org/lend
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Students in school, one loan at a time
Kushal ChakrabartiCo‐Founder and CEO, Vittana Foundation
Lend $25 to 20‐year‐old Paraguayan studying accounting
“Secret Sauce”
• vocational school
• urban
• children of current microfinance borrowers
• partner with microfinance banks, who manage loans
• emerging vs. developing countries
http://www.vittana.org/lend
Lend $25 to Katherine studying administration
Typical loan
• 18‐25 years old
• 6‐24 mos. to full repayment
• $500‐$1500 total amount
• bank teller is #1 profession
• Peru, Paraguay, Mongolia, Vietnam
http://www.vittana.org/students/...
Microfinance — $17 billion platform
Grameen $731.5M
Unitus $1.085B
Kiva $36.1M
15.251.85
(in billions)
Why no student loans in developing world?
• Until student loan model is proven, capital won’t flow in
• Until capital flows in, model can’t be proven
• MF banks want to lend to students: HKL, Ujjivan, XacBank, AFODENIC, FuPa, mimo, etc.
Catalyze global, market‐driven student loan system
Reaction
Energy
By enabling MF banks to lend to students,
• not only do 100K graduates get jobs,
• but 100K employees also simultaneously begin proving feasibility of student loan model
Student micro‐lenders from across the US
$1000 of SROI for every $1 of angel philanthropy
• Break‐even after 9 Qs + $600K angel today
• $25M student loans over same period
• Per $800 loan, $20K in add’l wages for grad
• Equals SROI of $1000 for every $1 of angel today
$0
$250
$500
$750
$1,000
Your Angel Dollars Your Impact
(it’s there, I promise!)
Team: Energy of youth + Wisdom of age
Kushal ChakrabartiCo‐Founder and CEO• Ran Amazon personalized recommendations
team ‐‐ 25+ patents, papers, talks• 2x Ironman triathlete
Brett WittCo‐Founder and CTO• Programming for 16 years• Built Amazon systems serving customer
purchase data
Nick CainInternational Partnerships Manager• Newest hire, most recently at Kiva• B.A., Columbia ‘06
Selected Advisors:Matt FlanneryKiva, CEO
Dave McClureFounders Fund, Partner
Mike MurrayUnitus, Founder
Kim RachmelerAmazon, VP
Dave SchappellTeachStreet, CEO
Joel SpiegelAmazon, SVP
Randi ZuckerbergFacebook, VP
Status + Need
Status
• 11 MF partners: Mongolia, Peru, Nicaragua, Vietnam, Mexico, ...
• Broad Seattle (AMZN, MS, Unitus) backing: http://bit.ly/3MPO0m
• Already raised $230K. Lead angels: Joel Spiegel (AMZN), Mike Murray (MS).
• In due diligence for Draper Richards
Needs
• Venture philanthropy. Asking for $25‐50K angel donors to grow team and reach scale.
• Lend to students. Katherine: http://bit.ly/4uqa9Z
• Help get word out. Bloggers, tweeps — come find me.