Mariela has always dreamed of becoming a professional. Mariela was accepted into the Universidad Pública De El Alto and now, with the chance to achieve her dream, she is concerned about affording graduation fees. She expects to graduate in October 2013 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. Mariela shares that it is important to her to graduate on time so she can enter into the job market as soon as possible.
Mariela plans to use the loan funds to pay her graduation fee. This fee is often more expensive than the semester's tuition and is a frequent impediment for graduating students in El Alto. One of her biggest challenges has been making time to work and go to school. With two other siblings, Mariela is unsure how she will be able to finance her education on her own without the assistance of a Vittana loan. Mariela currently works 30 hours a week as an architect to help afford her school and living expenses.
This loan is administered by Vittana's partner BancoFie.
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.