Vittana

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Make micro-loans to students in the developing world. Visit http://www.vittana.org

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Vittana

  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 Katherine studying administration http://www.vittana.org/lend “Secret Sauce” • vocational school • urban • children of current  microfinance  borrowers • partner with  microfinance banks,  who manage loans • emerging vs.  developing countries
  3. 3. Lend $25 to Katherine studying administration http://www.vittana.org/students/... 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
  4. 4. Microfinance — $17.1 billion platform for student loans $732M $116M $0.9B $36M Products • Business loans $16.2B • Home loans • Credit lines • Next: Student loans
  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. Student micro‐lenders from across the US
  7. 7. $1000 of SROI for every $1 of angel philanthropy • Break‐even after 9 Qs  + $600K angel today $1,000 • $25M student loans  $750 over same period $500 • Per $800 loan, $20K in  add’l wages for grad $250 $0 Your Angel Dollars Your Impact • Equals SROI of $1000  for every $1 of angel  today (it’s there, I promise!)
  8. 8. But, the big, BIG bet — Jump‐start something massive Think 5 years out... • 100,000 students =  $100M loan portfolio • 97% repayment rate  (as now) • by def., 5 years Jump‐start global, billion‐ dollar market in student  loans — short‐circuit  “normal” by 15‐20 years
  9. 9. Team: Energy of youth + Wisdom of age Kushal Chakrabarti Selected Advisors: Co‐Founder and CEO • Ran Amazon personalized recommendations  Matt Flannery team ‐‐ 25+ patents, papers, talks Kiva, CEO • 2x Ironman triathlete Dave McClure Founders Fund, Partner Brett Witt Mike Murray Co‐Founder and CTO Unitus, Founder • Programming for 16 years • Built Amazon systems serving customer  Kim Rachmeler Amazon, VP purchase data Dave Schappell TeachStreet, CEO Nick Cain Joel Spiegel International Partnerships Manager Amazon, SVP • Newest hire, most recently at Kiva • B.A., Columbia ‘06 Randi Zuckerberg Facebook, VP
  10. 10. Status + Need Status Needs • 11 MF partners: Mongolia,  • Lend. Help us reach more +  Peru, Nicaragua, Vietnam,  more students. Katherine:  Mexico, ... http://bit.ly/4uqa9Z • Broad Seattle (AMZN, MS,  • Tell your friends. Help us  Unitus) support: http://bit.ly/ get the word out. 3MPO0m • Venture philanthropy.  • Already raised $230K. Lead  Asking for $25‐50K angel  angels: Joel Spiegel (AMZN),  donors. One word: scale.  Mike Murray (MS) Help us get there. • Quintupled student capacity  • Bloggers, journalists —  in Sep ’09 to $25K/mo and  come find me. growing.

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