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The Next Generation of Microfinance

In the United States and other western countries, getting access to higher education is something most people take for granted, especially when grants and student loans are readily available to lessen the immediate financial burden of paying for college.



design mind on GOOD is a series exploring the power of design by the editors of design mind magazine.

In the United States and other western countries, getting access to higher education is something most people take for granted, especially when grants and student loans are readily available to lessen the immediate financial burden of paying for college.

However, in most countries, college loans don’t exist, and this creates an insurmountable barrier for students to continue their education and ultimately achieve their career goals. No matter how smart, passionate, and motivated you may be, if you don’t have the money, college is not an option.

Visionary philanthropist Kushal Chakrabarti is providing a solution. In this episode of the design mind ON AIR podcast we talk to Kushal, the founder and CEO of Vittana, a person-to-person micro-lending Web site that makes it possible for students in developing countries to get loans and go to college. With Vittana, a global community of lenders is rallying to help students get higher education for the first time and relieve students from the worry of paying for college so they can focus on their passions.

The Huffington Post called Kushal an "ultimate game changer” in philanthropy noting that his organization “harnesses the power of new media to reshape [that] field and reshape the world.” Kushal talks about the tricky negotiation to “do good” while financially sustaining an organization.
















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