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

1. Students in school, one loan at a time
Kushal Chakrabarti
Co‐Founder and CEO, Vittana Foundation
kushalc@vittana.org

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. 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. 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. 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. Student micro‐lenders from across the US

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. 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. 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. 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.