Mirtha has always dreamt of becoming a professional. To achieve her goal, Mirtha has enrolled in the Universidad Mayor de San Andrés. She plans on graduating in March, 2014, but without a loan from Vittana, she fears that she will need to defer her graduation.
Mirtha plans on using the loan to cover the cost of her graduation fees. Often there are fees for earning your title in business before graduating. In addition to her responsibilities at school, Mirtha currently works 30 hours a week as a legal assistant and earns $9 a day. With a degree in business, she expects to earn $34 a day.
Mirtha's parents were never able to complete their primary education. For her family of four, finances have always been tight. With two older siblings already attending college, Mirtha is unsure how she will be able to afford her tuition fees on her own without the assistance of a Vittana loan. Mirtha's father's salary from his job as a landlord is the family's primary source of income.
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.