Loans for Impoverished Students Worldwide

Striving people of modest means inspire Kushal Chakrabarti.   His own parents taught him that education is the foundation for building a life.  As a tech developer for Amazon.com, Kushal was moved by the story of an Indian rickshaw driver devoting 30% of his income to put his children through school.

Kushal began brainstorming about how he could help finance the education of students in impoverished regions of the world.  Vittana was born.  For as little as $25, a college education can be financed.  And anyone can help make it happen by following these steps:

• Search for and choose a student in the developing world you would like to lend money to. 
• Make a loan for as little as $25 to the student through the Vittana website where 100% of your funds are delivered to the student.
• Using your loan, the student finishes college (or vocational school), gets a degree, and then gets a job.
• When the student repays, Vittana repays you the full amount of your loan. Use the money to make another loan.

Click here to get started.

Since 2008, Vittana has financed 1,000 students in 11 nations. And as Kushal believed would happen, 99 percent of the students have repaid their loans in full. 

Microfinancing Funds Dreams and Prosperity

Mireille Kimbekete Nzoumba lives in the Congo city of Brazzaville.  Just this week she received a small loan for $625 (USD).  The money will go to bolster her inventory and improve her business.  Besides being a small business owner and providing a service to her community, she is also a wife and mother of three small children.  Mireille is scheduled to have her loan repaid by July 2011.  One day she hopes to open a beauty school.

The nonprofit Kiva made the loan possible through money provided by generating a community of lenders who could be anyone.  Loans range from $25 dollars or less to a few thousand. So far Kiva has made more than $100 million dollars in micro-financing loans possible.  Find out how to lend here.