7_Vittana_Final

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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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7_Vittana_Final

  1. 1. Students in school, one loan at a time Kushal Chakrabarti Co‐Founder and CEO, Vittana Foundation kushalc@vittana.org
  2. 2. 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
  3. 3. 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/...
  4. 4. Microfinance — $17 billion platform Grameen $731.5M Unitus $1.085B Kiva $36.1M 15.25 1.85 (in billions)
  5. 5. 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.
  6. 6. 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
  7. 7. Student micro‐lenders from across the US
  8. 8. $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!)
  9. 9. Team: Energy of youth + Wisdom of age Kushal Chakrabarti Co‐Founder and CEO • Ran Amazon personalized recommendations  team ‐‐ 25+ patents, papers, talks • 2x Ironman triathlete Brett Witt Co‐Founder and CTO • Programming for 16 years • Built Amazon systems serving customer  purchase data Nick Cain International Partnerships Manager • Newest hire, most recently at Kiva • B.A., Columbia ‘06 Selected Advisors: Matt Flannery Kiva, CEO Dave McClure Founders Fund, Partner Mike Murray Unitus, Founder Kim Rachmeler Amazon, VP Dave Schappell TeachStreet, CEO Joel Spiegel Amazon, SVP Randi Zuckerberg Facebook, VP
  10. 10. 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.

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