Working in biotechnology has always been Rinelda's dream. To achieve her goal, Rinelda has enrolled in the Universidad Mayor De San Andrés. She plans on graduating in January 2014, but without a loan from Vittana, she fears that she will need to defer her graduation.
Rinelda plans on using the loan funds to pay her tuition while she saves her salary from her part-time job. One of her biggest challenges has been making time to work and go to school. To help afford her school and living expenses, Rinelda currently works 30 hours a week as a laboratory assistant. With a career in science, she expects to earn $73 a day, a substantial increase from before.
With one older sibling, Rinelda is unsure how she will be able to afford her tuition fees on her 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.