Marisol is asking for a loan to help her finish her education. She is entering into her final months in her finance degree and the help she has been receiving from her parents is no longer enough. Marisol lives at home with her parents and two older sisters who are both of college as well. She works twenty hours a week as a vendor but her income is not enough to cover all her fees. She has been getting help from her father’s policeman’s salary but as traditionally the graduation semester in Bolivia is the most expensive, Marisol is without enough capital to cover her costs. Without the opportunity for a loan she thinks her graduation timeline would be greatly affected and that she would need to delay all her work until she could save enough. Marisol is passionate about finance and sees is as a field that is expanding in Bolivia and in high demand. With professional training she feels confident that she will be able to find a stable, well paying job after she graduates.
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.