Esteban dreams of becoming a professional musician. To achieve his goal, Esteban has enrolled in Conservatorio Nacional De Musica. He plans on graduating in December 2013, but without a loan from Vittana he fears that he will need to defer his graduation.
With the loan, Esteban plans on purchasing his much needed textbooks and school supplies. With the proper books, Esteban feels he will be able to study more effectively and earn better grades. He expects to earn $10 a day - a substantial increase from before. With eight older siblings Esteban is unsure how he will be able to afford his tuition fees on his own. Esteban's father's salary from his job as a auditor 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.