P2P student loans for the developing world
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Entrepreneurs in the developing world have already benefited from peer-to-peer lending programs through the likes of Kiva, Wokai and Jolkona. Now aiming to bring similar benefits to students in those areas is Vittana, a Seattle-based foundation that focuses on educational loans. Now in beta, Vittana partners with microfinance institutions (MFIs) throughout the developing world to catalyze new student lending programs. Potential lenders begin by browsing through the students profiled on the site—current examples include a 19-year-old woman studying industrial administration in Peru, for example, and a 25-year-old man studying financial accounting in Nicaragua. When they see one they'd like to…
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