Paola dreams of becoming a commercial engineer. She is passionate about the field and sees it as a growing opportunity in a growing Bolivia. With a degree in a technical field Paola also dreams of a comfortable future for her family. As the oldest of three, Paola hopes to see her sisters attend college as well. Currently, to help fund her own education Paola works 25 hours a week but makes less than $1 a day. She predicts that will and engineering career she can make $14 a day during her first year. With the funds from this loan she plans on purchasing her books and cutting back on her work hours to focus on school. Without the opportunity for loan she thinks her only option would be to put school on hold while she took up another part time job.
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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.