Premal first began dreaming of "internet microfinance" while working at PayPal, the online payments company. In late 2004, Premal took a 3 month leave from PayPal to develop and test the internet microfinance concept in India. When he returned to Silicon Valley, he met other like-minded dreamers and quit his job at PayPal to help bring the Kiva concept to life and eventually to scale. Kiva today raises over $1 million each week for the working poor in +60 countries and was named a Top 50 Website by TIME Magazine. For his work as a social entrepreneur, Premal was named a Young Global Leader by the World Economic Forum and selected to FORTUNE magazine's "Top 40 under 40" list. Premal began his career as a management consultant and graduated from Stanford University.