by Faten Alqaseer (WG ’15) and Salimah Nooruddin (WG ’15)
(http://whartonjournal.com/wp-content/uploads/2014/05/Dana-Cita3-cropped-smaller.jpg) Dana Cita won the inaugural Social Impact Prize at this year’s Wharton Business Plan competition. What is Dana Cita’s mission? Dana Cita strives to overcome the financial barriers to higher education for youths in Southeast Asia, starting in Indonesia. At our core, we want to make higher education accessible to as many aspiring students as possible by making affordable financing available. Dana Cita is the first to offer affordable educational loans to all post-secondary students, simultaneously helping to solve the problems of student financing, social mobility and the growing talent gap in the Indonesian economy. We are a social business – our commitment is to tackle specific deep-rooted societal problems, and we are doing so via a market-led and profitable venture. We aim to do well by doing good – for our Indonesian students, partners, team and not least our investors. Can you describe its business model? Current financing options for higher education in Indonesia are very limited and not scalable, with no student loan market. Dana Cita aims to raise a mix of philanthropic and commercial capital to make education loans affordable for students. Our model relies on operational alliances and risk-sharing mechanisms with our partners which include capital providers, education institutions, and employers of the students we support. What inspired its creation? As a first generation college graduate, I am one of the fortunate few from Indonesia who are able to pursue a world-class university degree, largely thanks to scholarships. Those formative years empowered me to grow as an individual and also put me on a path to be successful professionally. For many Indonesian youths, they never have this opportunity. Dana Cita means “Aspiration Fund” in Indonesia and we want to make a difference by funding one would-be student’s aspiration at a time. Have you had to make any pivots from your original vision? The problem facing the higher education market is actually two-pronged: on the one hand, students can’t get financing to pay for higher education; on the other hand, employers find it difficult to find talent to fill knowledge positions. The original vision was to tackle both financing and employment gaps at the same time. However, in the initial stage we will focus more on the financing gap with an eye towards addressing the employment gap at a later stage. How do you expect Dana Cita to grow over the next 10 years? The vision for Dana Cita is to become the preeminent higher education financing platform in Indonesia and in the region. We hope to expand into other regional markets and to expand our product offering to include other types of educational loans. More broadly, we hope to facilitate the creation of an ecosystem where student borrowers have access to not only financing, but also training, support, and a network of mentors to help them be successful in the workplace and give back to future generations. How has Wharton contributed to Dana Cita’s genesis so far? What role do you see it playing in the future? The entrepreneurial and social impact communities at Wharton played a tremendous role in shaping Dana Cita, from providing resources to inspiring direction. Certainly in conceptualizing the idea, I benefitted greatly from the support and counsel of fellow aspiring entrepreneurs at Wharton, who enthused me with their own tenacity and grit – and from faculty and staff who lent their unwavering encouragement and support. More widely, developing Dana Cita at Wharton affords crucial credibility when speaking to potential investors and capital providers, and also sheds new light on the school as a catalyst of social impact. Going forward, we hope our efforts, and opportunities to further work with Wharton, will help to highlight the tremendous potential in finance and more broadly business approaches in leading social change. How do you plan to measure the success of Dana Cita as an impactful start-up? We don’t see a distinction between our commercial success and our social impact. At its core, our social value is intrinsic to our commercial success: more loans made translate directly to more social impact and profit. We will be earning a return for our investors while simultaneously enhancing the social mobility of our student borrowers and empowering them to improve their livelihoods. Our model reflects our belief that there is a way to do business that can simultaneously make profits and serve social needs. In fact, this is the direction we envisage successful businesses will have to take in the future and we are thrilled to be part of this new generation of start-ups and entrepreneurs.
Winner of Social Impact Prize At WBC: An Interview With Susli Lie (WG ...
Winner of Social Impact Prize At WBC: An Interview With Susli Lie (WG’14), Founder of Dana Cita The Wharton Journal (http://whartonjournal.com/author/...
An Interview With. Michael Porter: Social Entrepreneurship and the. Transformation of Capitalism. MICHAELA DRIVER. Western State Colorado University. In this interview ... system in which meeting social needs is not just a peripheral activity but a c
Bank Commonwealth melakukan wawancara dengan Lilis Setiadi, Presiden Direktur, PT Batavia ...
Dec 31, 2009 - If you'd like to talk with Ellen Goodman, though, about something she has written or her long career in journalism, give us a call - 800-989-8255. .... We actually have taught - we've studied and analyzed and deconstructed your piece "
Dec 20, 2009 - Laosebikan-Buggs, Morolake, "An Investigation of the Impact of Student Government Involvement at one Public Historically Black ... Historically Black University on the Career Choice of African American Student ...... constructed and pr
Jalan Nakula Raya, No. ... vi. This book also provides a summary of government policies related to tenurial issues and conflict resolution. We hope this book will contribute to existing knowledge in order to establish tenure certainty for related ...
SOCIAL. CLASS. JACK MELTZER. Director of Hi. ConWr for Urban Studta .... ble class sizes, work and learning expe rience, and the ... "The Hidden Curriculum.
Maria-Sabina Draga Alexandru â¢ States of Exile: An Interview with Domnica Radulescu. Fredric Jameson's article on third-world literature (69). To what extent it is fair to say that, to paraphrase Jameson, all post-Communist East-European narratives
Apr 4, 2014 - Please read this manual before using the camera in order to get the ... The illustrations used in this manual are those of RICOH WG-4 GPS.
Oct 13, 2010 - Rusty Andrews moved to Houston as a child. He graduated from Smiley. High School in northeast Houston. In the 1980s he worked for his ...
stood period in Foucault's work, and we have gathered Stuart Elden ..... 25 Stuart Elden, The Birth of Territory (Chicago, IL: University of Chicago Press,. ).
Jun 26, 2015 - I hate to admit it now but I had a short âconservative periodâ and read works by Russell Kirk and a few other conservatives, I eventually left that path as the âconservativeâ writers became more and .... So our past ideologies
We've all heard about the iconic vibe of Route 66, the neon lights on Broadway and the ocean air of the Pacific Coast Highway. But there are untold stories emanating from countless blue highways across the land â like Interstate 20, which cuts a 15
Mar 8, 2017 - Learn what inspires our Registered Dietitians, Rebecca and Sarah, and the one nutrition myth they wish you'd stop believing.
Bradley Nassif has been a courageous and enthusiastic pioneer of Orthodox-evangelical dialogue around the world. Dr. Nassif holds a Ph.D. from Fordham ...
IBAN ES81 0182 7318 6502 0159 9645. The second invoice is related to students' accommodation (Hostel Sant Joan) and should be paid to the following hotel's bank account. Hostal Sant Joan (Invoice for students' accommodation) : Bank name: Bankia. BIC
Jul 17, 2017 - JM: If you want to read works in the prose-poetic vein which will flip your lid, check out Sade Murphy's Dream Machine and Steven Dunn's Potted Meat; if you're also interested in not-'emerging'-but-newish- to-US/Anglophone-readers, che
Jul 18, 2016 - Ishwar Puri is the initiate of his beloved Master Hazur Baba Sawan Singh Ji and founder of Institute for the Study of Human Awareness (ISHA) in Chicago. ... a graduate of Harvard University, and is teaching spirituality in America, as
Lisa Sparks shares her experience starting Lisa's Pie Shop, one of Atlanta, Indiana's most successful bakeries.
Dec 16, 2013 - Brandon Schrand talks about the influence reading literature had on his early life, when he was a boy growing up in Soda Springs, Idaho, and during the seven years he spent muddling his way through college (the first person in his fami
We went for our drive and we didn't say anything to each other about it â just drove along. And coming back, I said, "I got it. I know what it is, Fred. I've got to give fox back his foxhood!" So if you'll go the last page of Flossie and the Fox, i