To achieve his goal, Guido has enrolled in Pedro Domingo Murillo. He expects to graduate in December 2013, but without a loan is unsure how he will be able to continue affording his education. He shares that his alternative would be to take time off from school to work and save money until he could return. Guido shares that it is important to him to graduate on time so he can enter into the job market as soon as possible.
With the loan, Guido plans on using his loan to buy his school books. Up until now he has been managing to get by without them, but it has become a challenge. With books and school supplies he feels he will be able to get better grades. One of his biggest challenges has been making time to work and go to school. With a career in business, he expects to earn $9 a day. Unfortunately, Guido's parents never had the opportunity to complete their high school education. Without the opportunity for a higher degree, his parents never had the chance to move up. Growing up, finances have always been tight. With two older siblings attending college already, Guido is unsure how he will be able to finance his education on his own without the assistance of a Kiva Loan. To help afford his school and living expenses, Guido currently works 25 hours a week.
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.