For students around the world, the difference between a future that allows them to reach their potential and one that will force them to struggle can often be small. All they need to succeed is a course or class that will provide them with marketable skills in a promising field. However, those course or class fees, no matter how drastic an impact they might have on the future of a student, can often be out of the financial reach of students from humble backgrounds. How might their prospects improve, then, if they could just pay for one course or set of fees? What if you could help?
Pay It Forward. Then Get It Back.
Vittana is a group that is bringing microfinance (lenders give small, timely, and directed loans to underprivileged people) to the world of education. Similar to other microfinance websites like Kiva.org, Vittana is about connecting donors with promising go-getters around the world. Where it differs is that, instead of funding an entrepreneurial product, you are funding a person’s education. Here’s how it works:
- Search through their list of students who are posting about their educational need (what they are studying and how much it will cost to realize that aspiration).
- Give them a loan of any size (up to the limit, natch) towards their goal.
- Receive updates on how they are doing towards their goal.
- Wait for them to pay you back.
All in all, it is a great way to support education for people in the developing world and make a difference. For more information, check out their pretty comprehensive FAQ.
How It Works
Need more convincing? Check out their TED talk:
Do you know of any other educational websites that are making a difference in the lives of people around the world? Let us know in the comments…