Kushal Chakrabarti

Vittana, the Seattle non-profit that’s facilitating micro-loans to students in developing countries, has received a $250,000 grant from Google.

Others backing the organization include entrepreneurs Hadi and Ali Partovi; former Microsoft VP Mike Murray; Redfin CEO Glenn Kelman; BuddyTV co-founder Andy Liu; Founder’s Co-op’s Chris DeVore; TeachStreet CEO Dave Schappell and others.

Vittana founder Kushal Chakrabarti — a former Amazon.com employee — said that the organization is operating in “hyper-growth mode right now” with hundreds of students getting Vittana loans every month across four continents.

Vittana’s education loans see a repayment rate of 99 percent, with Chakrabarti adding that education finance model is working by tripling one’s earning power.

“We’re honored by Google’s recognition of Vittana’s role in helping fight global poverty through education and technology,” Chakrabarti said. “Google’s innovation and mission make it a natural ally with Vittana: the world’s information is rooted in knowledge and education, and Vittana’s mission is to increase the world’s access to education.”

This marks the second Seattle area non-profit that Google has supported in recent weeks, following a grant that the search giant provided to Startup Weekend.

Here’s Chakrabarti describing the concept behind Vittana at TEDx Brussels.

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Comments

  • http://twitter.com/bcahill Blake Cahill

    Congrats Kushal! Vittana & you are doing great things!  @bcahill:twitter  

  • Golfer

    Seeing this made me think of another company in Seattle.

    http://esperanza.org/home/

    Dave Valle has been a pioneer in the micro financing world, done fabulous things.

    Seems to me that Kushal and Dave should at least have a cup of coffee. Shared experiences of two local companies seems beneficial.

    Best to you and the venture Kushal

  • http://twitter.com/susiealgard Susie Algard

    Great job Kushal! Liked the Ted talk too.

  • http://www.mikefolden.com Mike Folden

    Right on!

  • http://kristineide.me Kristin Eide

    Congrats Vittana Team!!

  • http://www.108csr.com wimpykatana

    wow google your allways be great…

  • Anonymous

    Kushal is one of my favorite people in Seattle-Great news for great people!

  • http://twitter.com/martinzych Martin Zych

    Great talk!

  • Bharati Bandyopadhyay

    We are so proud of you Kushal! Lot of people might think about it, but very few would make those underprivilaged young people’s dream come true! You are one of them, wish you all the best!
    Bharati and Taradas Bandyopadhyay

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