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Additional Information

More information about this loan

The education loans administered by FUNDAPEC can have loan terms of up to 12 years, which includes a grace period of up to 5 years. The grace period includes the time during which the student is enrolled at university. During the grace period, the borrower is not required to make any repayments, and the lenders will not receive any repayments. Please make sure loan terms and repayment schedules suit you before lending.

About FUNDAPEC

FUNDAPEC is a student lending organization headquartered in Santo Domingo, Dominican Republic. Its vision is to broaden access to education for all Dominicans, and offers financing to everyone from high school students to graduate students to afford tuition and educational supplies like laptops. Kiva lenders’ funds are used to help students pay for their educations. These loans are post-disbursed, and will not be provided to students until they are fully funded by Kiva lenders.

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About Dominican Republic

  • $7,611
    Average annual income
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,065,475
    Funds lent in using Kiva
  • 42.1
    Dominican Republic Pesos (DOP) = $1 USD
Refunded
A loan of $3,725 helped this borrower to pay for his studies in marketing.
Repayment Term
109 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Sep 2, 2013
Listed
Aug 12, 2013
Currency Exchange Loss:
Possible
Refunded:
May 5, 2014