White House Author
President and Co-Founder, Kiva.org
Premal Shah is the President and co-founder of Kiva.org and continues to pioneer the crowdfunding space as a force for social good and a catalyst for revitalizing local economies. His leadership at Kiva has helped to crowdfund microloans to more than one million small business entrepreneurs in 30 U.S. cities and 65 countries. With his defining drive and vision, Shah transformed a small experiment in “internet microlending” into one of Time Magazine’s Top 50 websites. Today, Kiva raises more than $2.5 million each week in crowdfunded loans from a global community of 940,000 people lending $25 at a time, and in total, more than $440 million in crowdfunded microloans have been made to budding small business entrepreneurs, with a 98% repayment rate. Shah was instrumental in crafting both the compelling mission and sustainable model that make this possible.