Marco dreams of becoming a professional. Marco is currently attending the Instituto Tecnológico Caranavi, working towards his degree in business. He expects to graduate in December 2014, but without a loan is unsure how he will be able to afford his education. His alternative would be to take time off from school to work and save money until he could return. Marco 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, Marco plans on spending the money towards purchasing his textbooks. As an added expense, textbooks are often not bought in order to save money. With them Marco hopes to be able to better understand his subjects. In addition to his responsibilities at school, Marco currently works 30 hours a week. With a degree in business, he expects to earn $14 a day.
Marco's parents were never able to complete their primary education. For his family of 5, finances have always been tight. As the youngest of 3, with two older siblings attending college already, Marco is unsure how he will be able to finance his education on his own.
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.