Raising 6.1 Million $s For Student Loans Ft. Aleena Nadeem | 384

Raising 6.1 Million $s For Student Loans Ft. Aleena Nadeem | 384 | TBTGo Lahore

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Күн бұрын

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Aleena Nadeem is the Founder & CEO of EduFi.
#thoughtbehindthings #muzamilhasan #startups #studentloans #funding
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00:00 Introduction
02:00 Early Life & Education
04:12 Why Massachusetts Institute of Technology?
06:16 Did MIT shape who she is today?
09:20 “Wild Things”
11:43 4 Years in MIT
14:55 Academic Journey, Courses, etc.
17:06 Goldman Sachs: First Job Post-Graduation
18:53 Moving to Ventura Capital
19:26 What VCs Consider When Investing?
22:20 Why does a Startup Fail?
26:26 What Holds True Value in the Current Landscape?
28:50 EduFi’s Model
31:12 Their Current Focus
31:36 Student Loan Default Challenges?
33:54 Preventing Loan Defaults
36:33 Mapping the Post-Education Financial Journey
39:15 Their Vision
40:31 Moving back to Pakistan
43:33 Family’s Take on This
45:13 Why Lahore?
45:44 Pakistan’s FinTech Industry
52:26 Their Tech: Credit Scoring, Loan Applications etc.
54:14 Future Investment Opportunities
56:56 Co-Borrowing
1:03:14 Interest Insights & NBFC License
1:07:23 Startup Ecosystem of Pakistan
1:10:37 Pakistan of 2050
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Podcast Links:
• Spotify: spoti.fi/3z1cE7F
• Google Podcast: bit.ly/2S84VEd
• Apple Podcast: apple.co/3cgIkfI

Пікірлер: 108

@umerhameed9867 8 ай бұрын

wow its amazing that she's not lived here and moved back to help the country with a real issue, I wish this app was there when I needed to go to college, I would've been able to afford a private college, if a monthly plan like this was available

@user-wy6jm1iy5m 8 ай бұрын

EduFi has shariah compliance certificate because they don't charge any interest actually, its a flat service charge of 1.4%

@parcelplusaustin5745 8 ай бұрын

Flat service charge is interest just in a different packaging.

@taufeeq8269 8 ай бұрын

@@parcelplusaustin5745 yeah no s*it sherlock and any Islamic Finance advisor will tell you that's not considered interest. so its still shariah compliant.

@adilalam6340 8 ай бұрын

Edufi seems like a game-changer, especially in the medical education sector. The high costs of education, around 15-16 lacs, can be a significant burden for many families. Edufi's approach could indeed be a lifeline for those who want to provide quality education for their children without resorting to bank loans.

@lizay26-ns1sy 8 ай бұрын

im actually super excited for this app to launch, the website shows its only a 2.3% charge per month which is the cheapest i've been able to get from anywhere recently, my bank is charging me double that....

@nourlababidi2475 8 ай бұрын

Muzamil I’ve been following your podcast for a while and this is probably my favourite one so far, she’s so different, humble and she seems like one of the most promising businesswomen that Pakistan has yet seen

@ahma_wa08 8 ай бұрын

This idea helps make education available to everyone in Pakistan, even those who may not have a lot. It's about giving all students a chance to learn and succeed, no matter where they come from.

@Topg20977 8 ай бұрын

I love women entrepreneurs. She is trying to put her investor relations abroad to use in our country…and if she manages to pull off her vision then what does it mean for Pakistan? What it means is that a country which is drowning in debt will get international capital directed to 1) our country 2) to a sector that is very under funded by the government. It’s a net positive for Pakistan.

@incomecoders 8 ай бұрын

EduFI model involves dealing with interest (usury or riba), which is prohibited in Islamic finance. They should consider transitioning to a more Sharia-compliant model.

@vjam139 8 ай бұрын

Doing a valuable series of Vlogs, aimed at outstanding national personalities.

@waqasome 8 ай бұрын

58:00 is a very good idea by Muzammil. there are tons of organizations and business offering scholarships on colleges and universities. But big chunk of these scholarships go into drain. If this charity thing gets integrated with a single platform this is will be cool.

@Beybleyder101 8 ай бұрын

All that talk about education is well and good but what is the point of taking loans to get an education for which there won't even be jobs for, after you graduate. Sad to say there really aren't many jobs in Pakistan outside of tech and some business fields

@therandomchannel9226 8 ай бұрын

Your choices and horizon expands once you graduate no matter which country you’re. Most graduates aren’t wise enough to apply abroad and not applying abroad is like 100% loss. I see so many people from other countries directly getting jobs somewhere else

@Beybleyder101 8 ай бұрын

@@therandomchannel9226 yes I agree with that and tbh education loans for foreign studies is also something we should look at. Here we dont even have one single bank that offers student loans for foreign studies whereas in India there are dozens and 80 percent of Indian students going to USA take student loans and end up doing quite well

@AmirAmjad-ps5iv 8 ай бұрын

Very informative and useful

@talalmujtaba 8 ай бұрын

An interesting idea. I think this can bring more opportunities for students, teachers and education sector overall.

@parcelplusaustin5745 8 ай бұрын

I don’t understand why our nation is so confused. On one side we write everywhere “Islamic Republic of Pakistan”. On other side we keep on introducing interest products. This is the major reason our country is going behind every passing day. We don’t have a clear vision of who we are & what we should stand for 😊

@user-lr2ie7tz6t 8 ай бұрын

She learned about out and call but cannot dumb it down?? How does that work?

@NiazHJafri 8 ай бұрын

Bahut Aalaa Podcast 👍👍👍 & 👏👏👏

@bilalarshad6767 8 ай бұрын

unfortunately, this seems like a loan shark app, no offence, she never mentioned interest rate at which loan will be provided, on the website it is hard to find, also she lost thought process on 7 percent interest, it would be higher than 22 percent, or else, all those 4 million usd can go to the conventional banking earning more instead of investing here for a burn, no hate just my opinion, whatever you do you do great, tbt

@ayeshamahmood8059 8 ай бұрын

she didn’t loose thought process at all, she answered the interest quesifon with complete clarity. Also it’s on the website the interest rate which is 2.3 percent per month, which is the cheapest rate for a consumer loan in Pakistan right now” Great Job ❤

@bilalarshad6767 8 ай бұрын

@@ayeshamahmood8059 mutliply 2.3 percent per month by 12 , hence proving my point, I hope it never becomes a scam I can never wish for it

@ahma_wa08 8 ай бұрын

@ayeshamahmood8059 Exactly, I checked the rate on their website and its 1.4% per month Too cheap as per current economic situation.

@parcelplusaustin5745 8 ай бұрын

@bilalarshad6767 8 ай бұрын

@@parcelplusaustin5745 there should be interest products but not with punishing rates, our country needs this, I hope I am proven wrong on this

@introvertistic 8 ай бұрын

These words:- (I believe that the technology should used to solve real problems. If you are solving real problems the money will come and will flow forget about money flow then if you are solving a real problem) As 19 year old I learn alot about business entrepreneurship startups and many more but the idea which she is propagating about is really awesome it is really show her maturity as entrepreneure.❤

@taufeeq8269 8 ай бұрын

Seriously this guy is a gem.

@muhammadziaurrehman9514 8 ай бұрын

I'm concerned about the situation, as it appears to potentially involve unethical financial practices that could be likened to white-collar crime. Could you please clarify the interest rates on these loans? these graduates have no idea what is going on in pakistan are being specifically trained to target the market and take advantage of financially deprived individuals in Pakistan. This approach, driven by capitalistic motives, doesn't seem to address the underlying problems but rather focuses solely on business and market opportunities.

@Topg20977 8 ай бұрын

The interest rate is written clearly on the website. How are you jumping to unethical financial practices? Seems like you are sour

@Sami-mm 8 ай бұрын

I was going to mention the same points down but saw yoour comment. Imo, she have never lived here and doesn't understand the true macroeconomicswhy people don't go to college. Then there is job shortage, so many people with loans might not be able to repay them thus creating more debt. I think she just her to try this out and she will be 1st to leave the space when things go south.

@BilalAhmed-qm9eb 8 ай бұрын

Very insightful

@user-lr2ie7tz6t 8 ай бұрын

So she said she moved to pakistan for thre first time in her life in October 2021 And the she said she would frequently go to Pakistan to work in her charity? Which one was it??

@user-mm5nj8xo3s 8 ай бұрын

she says in the podcast that came back to Pakistan for holidays in the summer as a kid, but moved to Pakistan for the first time to help provide higher education to us, why are we as a country so negative, the one girl whose trying to help our literacy rates is also getting criticized on when she moved back lol

@talalmujtaba 8 ай бұрын

It will create a capital diversion from conventional banking to fintechs which is the need of the hour.

@AhmedRehan01 8 ай бұрын

Muzammil bhai plz make sure to add time staps in video

@user-lr2ie7tz6t 8 ай бұрын

I am planning to do something like this but for airline pilots

@hyosaf 3 ай бұрын

Amazingly podcasted, as guest said, this business idea is already been implemented and up & running in our neighboring country India, Thanks for sharing and and hosting such eye-opening program, hats off to Muzamil; A comon man can plan to study abraod and make his sucessful career. But why not to hit full-bright scholarship program , any chance to get it ? @Muzamil forgot to ask this question; well i belive many of us pakistanis are good in grades, so many of us really need to seek a way to get a scholarship, any advise from audiance ?

@waqasome 8 ай бұрын

Very interesting, Back in 2011 I once presented this idea to my classmates for funding kids for their school education. But none showed any interest. They thought I want to take their money and make business for school.

@K.2015 8 ай бұрын

but i think its a great feeling, you think before

@umairmalik7419 8 ай бұрын

ooh m y god..she is so beautiful and successful......we are proud of her......

@Evkayne 7 ай бұрын

how did I miss this actually

@zaraknawaz6337 8 ай бұрын

Loan means soood. And sood is battle against Allah. So be careful with it

@K.2015 8 ай бұрын

Inshort saari games Soood ki ha :o

@sortedshayan 8 ай бұрын

I just downloaded their iOS app, as an iOS Engineer myself I can create better UI/UX in a week than what they came up after 2 years of work I guess? I mean the idea isn't looking promising where people already suffer from loans and interest rate.

@aliasone9827 8 ай бұрын

its not about tech or talent ..its just about pedigree (Ivy league grads + big 4 experience ..you get funded ... doesnt't matter whether you got a great product or idea ..frankly speaking this whole industry is a scam ..even VC's dont care about "business" ..they wanna sell "founder" to the partners and potential investors ..everybody get paid ..nobody actually cares about building a business that makes money.

@lizay26-ns1sy 8 ай бұрын

I don’t know which app you’re talking about…. The EDUFI app I can’t see it on the playstore? and it says on their website their app is launching end of Jan, I think you may be looking at an old version or maybe another app

@Topg20977 8 ай бұрын

Don’t know which app you downloaded. Theirs is going live according to their website at the end of Jan 2024

@HassanUbaid389 8 ай бұрын

Well muzammil Bhai Qaiser Ahmad raja wali podcast ni aai.

@GamingLand-sk1ls 8 ай бұрын

LA ILAHA ILLALLAH MUHAMMADUR RASULULLAH

@safiullahmehmood3570 8 ай бұрын

You should probably call someone from the tribal areas. You and people could get insights about the region and what the people up there have been through.

@ahmedzamir1 8 ай бұрын

Best wishes but I don't think the model is sustainable. It appears like a charity for now. Just because they have managed to raise funding, it doesn't mean that the business will generate equivalent value.

@hoorahaider2107 8 ай бұрын

She’s just a rich pakistani politician’s daughter and if she doesn’t know how to dumb it down then she doesn’t know the concept - getting into MIT without funding/scholarship isn’t a Herculean task The app shows different services as compared to what she outlines and it’s just a loan shark app at the end of the day Anyways huge fan of tbt and muzamil but not the guest this time

@Topg20977 8 ай бұрын

How can she be a politicians daughter when her and her family haven’t even lived in Pakistan?

@mubashiralikhan7021 2 ай бұрын

Dear Muzamil, I am disappointed that you didn't discourage the interest and actually promoted it by doing this podcast.

@Randolf_Wisenberg 8 ай бұрын

🎉 Riyadh and Saudi 30 years back was still better than todays Pakistan.

@InfoSys- 8 ай бұрын

How can I contact her. I need a CEO for my edTech startup.

@K.2015 8 ай бұрын

Instagram

@HassanAli-ur2qv 8 ай бұрын

i am also working on smth that is Ai driven edtech platform..just curious what u working on if u could tell

@InfoSys- 7 ай бұрын

yes , how do we connect

@Oxf2023-ig5ui 8 ай бұрын

Good job we need more female startup founders in this country

@Topg20977 8 ай бұрын

Yes we dooo rightttttt

@nishomzawan5196 8 ай бұрын

early here

@rabiaartcalligraphy1237 8 ай бұрын

I think in this system SUCCESS RATE will be less as there's some interest there and I don't think so people with awareness with interest will apply for it. If you really want to empower students then kindly GIVE THEM INTEREST FREE LOAN AND DON'T BURDENISED STUDENT UNTIL THEY ARE DOING THEIR OWN JOB. Let me know your feedback on this👇👇👇

@searching010 8 ай бұрын

default hojaenge sb aisa lagta hai

@Nitish.Singhal 8 ай бұрын

This is not an education loan platform rather just another student immigration agency.... These are the services listed in there app ... 1.Application Write-up 2.International Student Accommodation Guidance 3.Profile Evaluation 4.Courses Exploration 5.IELTS exam prep 6.Visa Guidance 7.Guidance Webinars and much more not a single mention regarding Loan and her company is about to turn profitable in next 6 months... with 200k users atleast have signed up 😂 Why no mention of her real business on the podcast????

@Topg20977 8 ай бұрын

You’re downloading the wrong app…. Edufi’s app hasn’t launched yet, their website says it’s launching Jan 2024

@winistan 7 ай бұрын

She looks like the brainwashed tower operator who worked with Jack in Oblivion. Good movie

@muhammadasiffarooqi7672 8 ай бұрын

You were talking alot in urdu as compared to previous podcasts

@jamilmuhammad2282 8 ай бұрын

First of all such children should join the politics and play positive role to change the Sanrio otherwise it will be very difficult to spend a lot on them and at the end they leave the country so need to change the base basically

@Haseeb12338 8 ай бұрын

Add chapters 😊 okay 😊🧐❓

@magicinhand1927 8 ай бұрын

dont spread missconception,if loan is sood runnnnnn

@Shahzaib_Mir_Ajab 8 ай бұрын

First 😁😁

@zzzeee9171 8 ай бұрын

No time stamps, chapters, do add them. Muzammil keep bringing up ivy league students in the podcast , they provide vision to Alevel students like us❤

@laughter3032 8 ай бұрын

Can anyone please tell me how I can find the contact details of Alena ? Email or anything

@honesttalks4149 8 ай бұрын

Itni English mujhe aa jayee na main Har jaga tabahi machaa dun

@TrendTasticIndia 8 ай бұрын

IIT is better than MIT !

@muhammadahmad606 8 ай бұрын

1st

@voqp 8 ай бұрын

The amount of paid/bots comments under this video are INSANE!

@IndoPakCanvas 8 ай бұрын

Interest charging scheme. Preying on own people. Sick.

@taklusyndrome Ай бұрын

ABCD

@magicinhand1927 8 ай бұрын

couldnot get what she is trying to convey.besimple if you want to help poor

@meatwork3503 8 ай бұрын

Again some priviledged guest!

@umaerabid4124 7 ай бұрын

It was gud until it was her own life and career But as soon as she starts to talk abt edufi her own startup .. it was all bullshit .. also her own grip on her own product is weak and anothr startup to flop.. I hope they prove me wrong but frm podcast it feels lame and bullshit idea with no impact

@WajidKamal99 8 ай бұрын

Her accent 😂😂😂 No offence but you should speak like an Ordinary Pakistani Speaks

@AK-zd9ug 8 ай бұрын

She grew up in Saudi....if you have ever interacted with someone who was brought up in another country, you'd know that their English accent is a lot different. There is no need to judge brother

@Randolf_Wisenberg 8 ай бұрын

typical judgemental pakistani

@waqasome 8 ай бұрын

after all 1:13 min long podcast you came up with this?

@patricksavage242 8 ай бұрын

You don't even know how to write offense, yet you're criticizing her accent?

@DAANISH_KHAN_ 8 ай бұрын

I’m from Lahore, Pakistan 🇵🇰 I left Islam after reading Quran and listening Adam Seeker, Sahil Bhai, Zafar Heretics and Harris Sultan. I need your help, Sir…………..

@jazaahmed5095 8 ай бұрын

I wonder what in quran made you leave islam, I've always heard people converting to islam after reading Quran. Can you please mention what in made you leave islam, may be someone of us will clarify. May Allah guide you to the right path.

@jazaahmed5095 8 ай бұрын

Also, please search zafar heretic exposed and you'll learn his reality.

@malikasim3959 8 ай бұрын

tum zakir naik ko suno wo krta h atheist se bat

@whyiamashia9497 8 ай бұрын

What a joke Adam seeker ran away from Amir haq and he has debunked all Adam seeker arguments and mufti yasser wajidi has distort all these guys. I dare any of these guys that you name to debate sheikh Allahyari or Amir haq or Mufti yasser wajidi.

@parcelplusaustin5745 7 ай бұрын