Violeta has seven brothers and a sister. Although some of her older siblings have left the house, she still lives with her parents and five siblings. Between the eight of them, they live on $16 a day. Violeta’s parents only had the opportunity to receive a primary education and with low paying jobs in construction, higher education is not in their budget. Desperate for a better life Violeta works 30 hours a week in order to pay her tuition. She is passionate about finance because she sees it as a growing field in Bolivia and a career with a great future. With the money from this loan Violeta plans on buying a computer and her school books. She spends much her free time working, and during the small time she has to study, Violeta works hard to fit in all the new material. Having a laptop will allow her to not only better manage her time but also understand finance better. Violeta calls Bolivia “a country in development.” With a degree and a career in finance she feels she will be prepared for a new era in Bolivia. Moving from earning $9 a day to $14 will allow Violeta to help her family and invest in her future.
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.