- Source: Premal Shah
Premal Shah (born 1975 or 1976) is an Indian-American entrepreneur who co-founded Kiva, a global poverty alleviation non-profit that has raised over $2 billion for low-income entrepreneurs in eighty countries.
Early life
Shah was born in Ahmedabad, India, and raised in Minnesota, graduating from Irondale High School. He attended Stanford University, where he pursued his interest in economic development, with a specific focus on microfinance. At the London School of Economics he received a research grant to study the microfinance work of the Self-Employed Women's Association.
Career
Shah was an early employee of and principal product manager at PayPal. Building on his college interest in microfinance, Shah took a sabbatical from PayPal in 2004 to prototype a concept of person-to-person microlending in India.
Upon his return to Silicon Valley in 2005, Shah joined Matt Flannery and Jessica Jackley in launching Kiva and scaling it into a global organization. Kiva has since raised over two billion dollars in loans from over two million lenders in support of over five million entrepreneurs from 62 countries, with a 96% repayment rate. 81% of loans are disbursed to women, and 67% of loan recipients live in rural communities.
In addition to serving as president of Kiva, Shah sits on the boards of other non-profit of organizations, including Center for Humane Technology, Change.org Foundation, Watsi, and VolunteerMatch. He is considered to be a part of the PayPal Mafia, a group of PayPal alumni who have gone on to found or co-found other successful companies, including YouTube, LinkedIn, Tesla Motors, and Yelp.
Premal is currently listed as a co-founder at renewables.org - an investment platform for renewable energy in emerging markets.
Awards and honors
Fortune Magazine's 40 Under 40 List.
Obama White House Champion of Change
Visionary of the Year Nominee, San Francisco Chronicle
World Economic Forum - Young Global Leader selection
Olympic Torch carrier for the 2008 Summer Games
Skoll Award for Social Entrepreneurship
Goldman Sachs 100 Most Intriguing Entrepreneurs
In 2024 became an honoree of the Great Immigrants Award; the award was given by the Carnegie Corporation of New York.
Personal life
Premal lives in San Francisco, California, with his wife and two children. He speaks widely about the potential for markets, technology & altruism to address some of society's toughest challenges.
References
Kata Kunci Pencarian:
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