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Erick
Erick is a young man who wants to study advertising. He is asking for a loan to be able to pay for his education. This is his story: Hello, my name is Erick. I am 18 years old. I am from Santo Domingo, Domincan Republic. I live with my parents and my 2 siblings. I was born in a very humble place with a lot of needs, and that has made my going to college difficult. Unfortunately, my parents' wages aren't enough to make my dream come true, which is to get a college degree. There is barely enough to pay for daily expenses and having my siblings in this situation worsens the situation. My dream is to study Advertising at Universidad Apec, since I have aptitude for this major. My parents make minimum wage and can't pay for my education. Then I found out about the Kiva-Fundapec program and there was hope for me to achieve what I dream of so much and get a college degree and contribute my knowledge to society and help others the way you all all helping me and thousand of young people who don't have the resources to be able to go to school. Having this support will be a relief for me and above all for my parents, who don't have the money for any of their children to goo to school. With this financial support, I can contribute to my family what they need right now for my siblings and be useful to society.
View original language description ↓
Erick es un joven que desea estudiar Publicidad, él esta solicitando un préstamo para poder pagar sus estudios, esta es su historia: Hola mi nombre es Erick, tengo 18 años, Oriundo de Santo domingo República Dominicana. Vivo con mis padres Y mis 2 hermanos. Nací en un lugar muy humilde y lleno de necesidades para lo que se me ha dificultado ingresar a la universidad. Lamentablemente el sueldo de mis padres no alcanza para poder concretizar mi sueño que es convertirme en un profesional donde solo apenas nos da para obtener lo de diario vivir y más al tener a mis hermanos bajo esta condiciones empeora aun la situación.
Mis sueños es estudiar Publicidad en la Universidad Apec ya que tengo la aptitud necesaria para esta carrera , mis padres ganan el sueldo mínimo por lo que no pueden costearme mis estudios , entonces me entere del proyecto Kiva-Fundapec y se abrió una esperanza para mí de poder logar eso que tanto sueno ser un profesional y poder aportar a la sociedad mis conocimientos y un mejor ayudar más adelante así como ustedes me ayudaran a mí a miles de jóvenes que como yo no tienen los recursos necesarios para poder estudiar.
Contar con este apoyo seria un alivio para mí y sobre todos mis padres que no tienen para que ninguno de sus hijos puedan estudiar, de obtener este soporte económico podría aportar demasiado a mi familia que lo necesita en este momento con mis hermanos y poder ser útil para la sociedad

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.

About Dominican Republic

  • $9,700
    Average annual income
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 42.2
    Dominican Republic Pesos (DOP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $7,175 helped Erick to pay for college registration.
0% repaid
Repayment Term
121 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Sep 30, 2013
Listed
Aug 21, 2013
Currency Exchange Loss:
Possible