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词条 Vittana
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{{Infobox organization
| name = Vittana
| logo =
| founded_date = 2008
| founder = Kushal Chakrabarti
Brett Witt
| location = Seattle, Washington, United States
| key_people =
| area_served = Worldwide
| focus = Education
| method = Microcredit
| homepage = www.vittana.org
}}Vittana was a non-governmental organization that allowed people to lend money via the Internet to students in the developing world.[1] It was a 501(c)(3) non-profit organization headquartered in Seattle.[2] Vittana focused on student loans because student loans are nearly unavailable in developing countries.[3]

The loans issued by Vittana ranged from $200 to $1,500 and were funded by individual lenders through Kiva's lending platform and Vittana's funds.[1] Students were given cash advances for educational expenses before money from donors had been collected.[4] The cash advance provided by a partner organization was covered when Kiva or Vittana had aggregated sufficient money from donors.[5] A mother or a close relative acted as a co-signer.[3] The recipient of the loan could repay the loan after landing a job.[5] Vittana students had a 98% repayment rate.[1]

Vittana ceased operations in 2014.[6]

References

1. ^Rao. L. (2010). Vittana Applies The Kiva Model To Help Finance Education In Developing Countries. Retrieved March 9, 2011, from https://techcrunch.com/2010/03/15/vittana-applies-the-kiva-model-to-help-finance-education-in-developing-countries/
2. ^About Vittana. (n.d.). Retrieved March 9, 2011, from http://www.vittana.org/about
3. ^A. Villiani, Storytelling: Tall Tales On Online Platforms? Viewed on 11 Mar 2011, http://beyondprofit.com/storytelling-tall-tales-on-online-platforms/
4. ^Vittana FAQ from http://www.vittana.org/about/faq
5. ^How it works. (n.d.) Retrieved March 9, 2011, from http://www.vittana.org/howitworks
6. ^{{cite web|last1=Soper|first1=Taylor|title=Educational microloan non-profit Vittana shutting down|url=http://www.geekwire.com/2014/vitanna-closing-doors/|website=GeekWire|accessdate=23 February 2016|date=29 August 2014}}

External links

  • Official website
{{Peer-to-peer lending companies}}{{Washington-stub}}

5 : Microfinance organizations|Non-profit organizations based in Seattle|Peer-to-peer charities|Peer-to-peer lending companies|Charities based in Washington (state)

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