Premal has built a company in Kiva that has not only impacted the lives of millions of people around the world, using their micro-loan platform to provide borrowers with a hand up rather than a handout, but has done so by personalizing the lending experience through its peer-to-peer platform.
Kiva has enabled over 2 million borrowers across the world to access capital and raises around $1 million per week for the working poor through their online micro-loan platform that has humanized finance by creating a truly personalized the lender-borrower experience.
From an early employee at PayPal to making philanthropy and giving back a personalized, addictive experience
Premal Shah is the Co-Founder and President of Kiva, the early pioneer in online lending through its non-profit crowdfunding platform that has lent to over 2.1 million borrowers with loan dollars in excess of $915 million. Premal co-founded Kiva in 2005, and has worked to promote Kiva’s mission and reach more communities around the world for more than a decade. The results have been quite impressive — Kiva’s repayment rate has been over 97% on loans disbursed across 82 countries worldwide. Kiva has also created tremendous impact on a group of people who have been subject to a poverty penalty because they are poor. Instead, Kiva’s micro-loan platform has provided a hand up rather than a handout and has humanized finance by enabling lenders and borrowers to connect through personalization of the loan process. Premal has been recognized for his work with Kiva. He’s been named a Young Global Leader by the World Economic Forum and to FORTUNE Magazine’s “Top 40 under 40” list. Premal has a long history of creating innovative financial solutions that impact the world. Prior to Kiva, Premal worked for PayPal for 6 years as Principal Product Manager during the company’s formative years. He is a graduate of Stanford University.
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