Building Partnerships with Universities for Student Microloan Program2013
Vittana is a Seattle-based nonprofit that facilitates microloans to students in developing countries. Vittana aims to help students worldwide attend post-secondary schools. Donors offer to pay for students’ tuition by lending them small amounts — typically $25-50. Student repayment rate is 99 percent. In Indonesia, Vittana is partnered with the Putera Sampoerna Foundation and has launched its first student loan program targeted at final year university students. Student intern Yuchen Lu built partnerships with the universities and reached out to prospective students.