By Goodreads Staff | Published Sep 05, 2011 12:46PM
From left: Microfinance loan recipients Minh Nguyet Thi Dao of Vietnam, Marisela Hurtado Viachica of Nicaragua, and Gilbert Olida Singson of the Philippines.
Vittana fights global poverty by eliminating economic barriers to education. With a microfinance model, the nonprofit uses crowd funding to provide loans to high-achieving students in developing nations where school loans are often unavailable. In countries where only 1 in 8 students is able to finish school, this money offers aspiring professionals the rare opportunity to break the cycle of poverty. As little as $25 can mean the difference between a diploma or a dropout.
In just three years Vittana has helped more than 1,000 students. It plans to aid 1 million young people by the year 2015. One hundred percent of a micro-loan goes to the student, and 99 percent of students repay in full.
Tags: 2011-september and do-good
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