Becoming a professional has always been Elvis's dream. Elvis is currently attending the Universidad San Fransisco Xavier, working towards his degree in business. He expects to graduate in July 2013, but without a loan is unsure how he will be able to continue paying for his education. His alternative would be to take time off from school to work and save money until he could return. It is important to him to graduate on time so he can enter into the job market as soon as possible.
With the loan, Elvis plans on using the funds to pay his graduation fee. This fee is often more expensive than the semester's tuition and is a frequent impediment for graduating students in Chuquisaca. In addition to his responsibilities at school, Elvis currently works 40 hours a week and earns $4 a day. With a degree in business he expects to earn $9 a day. With 11 older siblings Elvis is unsure how he will be able to afford his tuition fees without the assistance of a Vittana Loan. Elvis currently works as a personal assistant to help afford his school and living expenses.
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.