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Premal Shah, president of Microlending phenom Kiva, talks about raising money "Howard Dean-style" (or "Barack Obama-style") might be able to bring down the cost of borrowing for the world's working poor.
Premal Shah is the President of Kiva, an organization dedicated to providing low-cost working capital to small-scale entrepreneurs across the developing world. Deeply devoted to finding innovative solutions to end global poverty, Shah has come through on the organization's pledge that "all it takes to become a micro-lender is a credit card and access to a computer." Shah's profound expertise in the area of microfinance includes a six year career at PayPal where he drove key initiatives, including defining eBay's role in economically empowering the global working poor, and extensive on-the-ground experience researching and implementing mincrofinance models in Gujarat India. Most recently, Premal co-founded the Silicon Valley Microfinance Network, which is a grassroots forum dedicated to connect, educate and engage people in the field of microfinance. He has also been a featured speaker at the Clinton Global Initiative and the Global Microcredit Summit.
What is your momentum? Everyday seeing small steps of change being made by ordinary people, I am inspired by the entrepreneurial spirit, motivation and hope of the working poor.
