“Technology to change the world one student at a time,” crowd funding micro-lender Vittana CEO Robin Wolaner. Small loans to students: $750 avg. size loan triples their income after matriculation. Interestingly, Ms. Wolaner stated, “Traditional micro finance loans are focused on women because men do not tend to pay their loans back.” However, Vittana serves a roughly 50%/50% mix of male to female loan recipients with a 99% payback average.
Muhammad Yunus, famous for launching the micro lending movement via Grameen Bank and winning the Nobel Peace prize, made the same statements about males failing to payback their loans.