Jose dreams of becoming a professional. Jose was accepted into the Universidad Autonoma Tomas Frias and is concerned about affording tuition fees. He expects to graduate with a business degree in November 2013, but without a loan is unsure how he will be able to pay his graduation fee. This fee is often more expensive than the semester's tuition and is a frequent impediment for graduating students in Potosi. Jose plans on using the funds to pay his graduation fee.
Jose notes that his alternative would be to take time off from school to work and save money until he could return. He says that it is important to him to graduate on time so he can enter into the job market as soon as possible.
In addition to his responsibilities at school, Jose currently works 25 hours a week. With a degree in business he expects to earn $15 a day. Jose's parents were never able to complete their primary education. For his family of 5, finances have always been tight. With two older siblings attending college already, Jose is unsure how he will be able to finance his education on his own without assistance. Jose's father's salary from his job as a constructor is the family's primary source of income.
This loan is administered by Vittana's partner Banco Fie.
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.