Working in systems engineering is Jose's dream. Jose is currently attending the Universidad Salesiana de Bolivia, working towards his degree in business. He expects to graduate in December, 2013, but without a loan is unsure how he will be able to continue affording his education. He says that his alternative would be to take time off from school to work and save money until he could return. Jose says that it is important to him to graduate on time so he can enter into the job market as soon as possible.
With a $714 loan, Jose plans on using the funds to pay his tuition while he saves his salary from his part-time job. With a career in business, he expects to earn $25 a day, a substantial increase from before. To help afford his school and living expenses, Jose currently works 30 hours a week as a information technician and earns $5 a day.
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.