Juan dreams of becoming a commercial engineer. He is currently enrolled in a degree program at the San Fransisco Xavier University but with his currently financial status he is unable to purchase the materials he needs, which is crippling his performance in school. Juan shares with us that without a computer it is difficult to learn and practice the practical component of his degree and it is inconvenient and even challenging to complete his thesis without consistent access to a computer and the internet. Much of engineering is computer based and without one, he feels that he is falling behind.
Although Juan is the youngest of two, his household supports eight people in total. While both his parents are college educated, their family finances are very tight. With the aid of a student loan Juan plans to buy a laptop and the books and materials that will help him succeed. He chose commercial engineering because the field interested him and because he perceived a need for it in the job market. He hopes to be able to use his salary to help his family’s finances.
In addition to his classes and study sessions, Juan holds a part time job. Currently he makes around $8,600 a year but with a degree in engineering he hopes to be able to double his salary, maybe even more. The prospect of a secure salary and in turn, a secure future for himself and his family is worth the sacrifice and extra work now. With the security of loan, Juan can be confident that he can afford his full education and be able to help move his life and his family forward.
This loan is administered by Vittana's partner Banco Fie.
More information about this loan
This loan is admnistered by Vittana's partner Banco Fie
Vittana is a nonprofit that aims to provide access to education for millions of young people struggling to overcome poverty around the world. All Vittana loans are administered by local MFIs which are vetted and approved by Vittana staff. For a list of Vittana's MFI partners, please click here.
Vittana loans provide students with degrees and certificates that lead to higher paying jobs and sustainable livelihoods. Capital to fund Vittana loans comes from its crowdfunding website, investment funds and strategic partnerships. Today, more than 6,000 students in 12 countries have received a Vittana loan and are repaying at a rate of 99.8%. With the help of the Kiva community, Vittana is expanding its work and graduating a generation beyond poverty.