Ramiro dreams of becoming a professional. He is currently attending the Universidad Adventista de Bolivia, working towards his degree in business. He plans on graduating in July 2014, but without a loan from Vittana, he fears that he will need to defer his graduation.
Ramiro plans on using the loan 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 Potosi. With a career in business, he expects to earn $13 a day, a substantial increase from before.
Unfortunately, Ramiro'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 six older siblings, Ramiro is unsure how he will be able to afford his graduation fees 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.