Geovana dreams of becoming an engineer. Growing up with a mother who is a college professor, higher education has always been important to Geovana. Without her father to help contribute to the family’s income Geovana and her mother have been struggling to afford all the costs of university and their home expenses. Soon Geovana’s younger brother will be of college age and she hopes he will be able to receive and education as well without delay. In addition to school Geovana works 30 hours a week as a store manager but her income is not enough. Because of the national funding systems in Bolivia, frequently students in technical programs need to pay for the resources they use as part of the curriculum. As an engineering student, this often means extra fees for materials and machine rentals. Right now Geovana can afford her tuition but is struggling to afford her extra fees and the cost of books and school supplies. With her loan, Geovana plans on purchasing her textbooks and looks forward to being able to save more of her income for her future and her family. Currently she makes around $5 a day, but with training in engineering, she expects to make $14 a day, with this income she expects to be able to make a big impact on her family’s finances and be able to comfortably repay her loan. Engineering is her calling and with this education Geovana plans on helping her society.
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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.