Jhonny dreams of becoming an architect but, without a degree, knows it may never be possible. Jhonny is currently attending the Universidad Mayor De San Andrés working towards his degree in business. He expects to graduate in January 2014 but, without a loan, is unsure how he will be able to continue affording his education. He says that his alternative is to take time off from school to work and save money until he can return. Jhonny shares that it is important to him to graduate on time, so he can enter the job market as soon as possible.
With this loan, Jhonny plans to cover the cost of his graduation fees. Often there are fees for earning your title in architecture before graduating. With a degree in business, he expects to earn $22 a day.
Unfortunately, Jhonny's parents never had the opportunity to complete their high school education. Without the opportunity for a higher degree, his parents never had the chance to move up. Growing up, finances have always been tight. With five other siblings, Jhonny is unsure how he would be able to finance his education on his own without the assistance of a Vittana loan.
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.