College Loans as Development Aid <http://loan-for-study.blogspot.com/> Three months ago, Kushal Chakrabarti likes to say, the organization he co-founded, Vittana.org, amounted to little more than “three guys and a dog.”
Then readers of The Huffington Post chose Mr. Chakrabarti as the “Ultimate Game Changer in Philanthropy,” and suddenly Vittana, which is pioneering student loans in the developing world, was the next new thing in charity. “I don’t even know how we got onto the list,” Mr. Chakrabarti said in an interview a few days before the results of the contest were announced. Vittana, which beat out such well-known charities as DonorsChoose and people like Mayor Michael R. Bloomberg of New York, is building a student loan business for microfinance institutions that cater to poor people in the developing world. It uses a model similar to that of Kiva.org, a nonprofit organization that funnels loans to individual borrowers through microfinance institutions. The method is to solicit individual lenders for money that will back loans to young adults seeking college educations. “The student loan as you know it in the United States does not exist in the developing world, so this is a big development for us,” said Martin Burt, executive director of Fundación Paraguaya, a Vittana partner in Paraguay. Read More Click Here<http://loan-for-study.blogspot.com/2009/12/college-loans-as-development-aid.html> -- Asalam o Alaikum, You Are Receiving This Message, Because You Are A Member Of FOCUS ON ISLAM, A Google Group [..:: The Best Group For Nice Islamic Mails ::..] \/<<<<>>>>\/<<<<>>>>\/<<<<>>>>\/<<<<>>>>\/<<<<>>>>\/<<<<>>>>\/<>\/ You can Post Your Comments and Suggestions to Me [Moderator of this Group] on this email address: [email protected] To visit your group on the web, go to: http://groups.google.com/group/focusonislam/ To post messages/mails to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] Please forward our Mails to Your friends, and convence them to join our Group. Wanna subscribe to this group, send email to [email protected] \/<<<<>>>>\/<<<<>>>>\/<<<<>>>>\/<<<<>>>>\/<<<<>>>>\/<<<<>>>>\/<>\/ *********************************************************** The Official Website of Group is LAUNCHED, http://www.geocities.co
