Monica has always dreamed of becoming a professional. Monica is currently attending the Universidad Mayor De San Andrés, working towards her degree in business. She plans to graduate in March 2014 but without a loan from Vittana, she thinks that she may need to take time off to work and save until she can return to school. Monica plans to use the loan to cover the cost of her graduation fees. Often there are fees for earning your title in business before graduating. In addition to her responsibilities at school, Monica currently works 40 hours a week and earns $15 a day. With a degree in business, she expects to earn $25 a day. Unfortunately, Monica's parents never had the opportunity to complete their high school education. Without the opportunity for a higher degree, her parents never had the chance to move up. Growing up, finances have always been tight. With two older siblings attending college already, Monica is unsure how she will be able to finance her education on her own without the assistance of a Vittana Loan. To help afford her school and living expenses, Monica currently works as a cashier.
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.