Goodreads Voice: Vittana

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

Comments (showing 1-8 of 8) (8 new)

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message 1: by Athena (new)

Athena do some good. :-)


message 2: by Lee (new)

Lee This is a great organization. My son knows the guy who started it and so I participated from early on -- I was sort of shocked when I started getting repaid because I had initially thought of it as a donation. The fact that the students pay back the loans says it all -- this allows them to get an education and they have great dignity in repaying the loans. You can keep reinvesting in new students. It is truly a great use of technology.


message 3: by Vaibhav (new)

Vaibhav Gadodia Looks very similar to the Kiva model. Will go check it out.


message 4: by Shirley (new)

Shirley i'd rather straight up donate instead of having the students repay


message 5: by Vaibhav (new)

Vaibhav Gadodia Shirley wrote: "i'd rather straight up donate instead of having the students repay"

I don't know. Look at it this way. If you had only $25 to give, you can then keep repeating the 'loan' indefinitely. This way you can help more students, than if it was simply a loan.


message 6: by Lee (new)

Lee It is really nice to keep repeating the "loan." I also learned from someone who works in microfinance that the borrowers tend to feel a sense of empowerment and pride in paying it back which has a value, too.


message 7: by Umeshikad (last edited Sep 13, 2011 11:43PM) (new)

Umeshikad Every morning I get depressed reading the London Metro in the tube, all distressing stories about crime and fraud. I’m glad that I'm unwell and at home today.

This post is a fantastic start for my day. You lovely people, keep on doing this good work. These are the things I like to see when my day starts. I’m on my way to their website to look more in to this.

Agree with Lee, repayment allows us to repeat the good work, Donations don’t do much good as its only one time.

Very very happy to read this.


message 8: by Vaibhav (new)

Vaibhav Gadodia Umeshikad wrote: "Every morning I get depressed reading the London Metro in the tube, all distressing stories about crime and fraud. I’m glad that I'm unwell and at home today.

This post is a fantastic start for..."


In which case you should really also check out kiva.org.


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