Mariela dreams of becoming a business administrator but without a degree knows it may never be possible. To achieve her goal, Mariela has enrolled in the Universidad Autónoma Juan Misael Saracho. She plans on graduating in December, 2014, but without a loan from Vittana she fears that she will need to defer her graduation. With this loan, Mariela plans on purchasing textbooks and other school-related items. With these supplies Mariela hopes to be able to better understand her subjects.
Unfortunately, Mariela's parents never had the opportunity to complete their high school education. Without the opportunity for a higher degree, her parents never had the chance to move up. With one older sibling attending college already, Mariela is unsure how she will be able to finance her education on her own without the assistance of a loan from Banco Fie. Mariela's father works as a farmer and his salary is the family's primary source of income.
To support her family and studies, Mariela currently works 30 hours a week in a bakery and has been doing so since the age of 16. One of her biggest challenges has been making time to work and go to school. With a career in business administration, she expects to earn $15 a day, a substantial increase from before.
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.