Karen has always dreamt of becoming a professional. Karen was accepted into the Universidad Autonoma Tomas Frias and now, with the chance to achieve her dream, is concerned about affording school fees. She expects to graduate in December 2014, but without a loan is unsure how she will be able to continue affording her education. She shares that her alternative would be to take time off from school to work and save money until she could return. Karen shares that it is important to her to graduate on time so she can enter into the job market as soon as possible.
With the loan, Karen plans on purchasing her much needed textbooks and school supplies. With the proper books, Karen feels she will be able to study more effectively and earn better grades. With a career in business, she expects to earn $20 a day, a substantial increase from before. With two older siblings Karen is unsure how she will be able to afford her tuition fees on her own without the assistance of a Vittana Loan.
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.