Becoming a professional has always been Petrona's dream. Petrona is currently attending the Instituto Tecnico Catec, working towards her degree in business. She expects to graduate in December 2013, but without a loan is unsure how she will be able to continue affording her education. Petrona plans on using the loan to cover the cost of her graduation fees. Often there are fees for earning your title in business before graduating. With a degree in business she expects to earn $10 a day.
She shares that her alternative would be to take time off from school to work and save money until she could return. Petrona shares that it is important to her to graduate on time so she can enter into the job market as soon as possible.
Unfortunately, Petrona's parents never had the opportunity to complete their high school education. Without the opportunity for a higher degree, her parents never had the chance to move up. With two other siblings, Petrona is unsure how she will be able to finance her education on her own without the assistance of a loan. Petrona is married with her own child. With a professional degree and a career in business, she hopes to be able to provide her family with a better life.
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.