Cristian dreams of working in international trade. To achieve his goal, Cristian has enrolled in the business economics program at Universidad Tecnológica Boliviana. He expects to graduate in November, 2014 but without a loan is unsure how he will be able to continue affording his education. He shares that his alternative would be to take time off from school to work and save money until he could return.
For Cristian it is important to graduate on time so he can enter into the job market as soon as possible. With this loan, Cristian plans on using the funds to pay his graduation fee. This fee is often more expensive than the semester's tuition and is a frequent impediment for graduating students in La Paz. One of his biggest challenges has been making time to work and go to school. With two older siblings, Cristian is unsure how he will be able to afford his tuition fees on his own without the assistance of a Vittana Loan. Cristian currently works 30 hours a week to help afford his school and living expenses.
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.