Bonifacio is studying to become an automotive technician at Universidad San Fransisco Xavier. He loves cars and if fascinated by automotive engineering. With a technical degree and expertise in valuable skills Boniacio predicts that he will be able to earn $14 a day, a great increase over the $3 a day he earns currently.
Bonifacio is the oldest of six. Both his parents only had the opportunity to earn a primary education. Currently his father works as a farmer while his mother tends to the house and family. He works 30 hours a week along with some of his other siblings to help contribute to the family’s monthly salary. Together they only bring in $434 a month.
Finding room in their budget to afford Bonifacio’s tuition has been a struggle. His family values education and wishes to improve their economic status but simply can’t afford it. Right now Bonifacio can only afford his tuition fees and has been managing his classes with out any supplies. He has nothing to take notes with, no textbooks, and is without a computer. With this loan, he plans on buying a computer and his textbooks and hopes to graduating on time with excellent marks.
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.