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Luismel Reynaldo
Luismel Reynaldo is studying industrial engineering. He is seeking a loan to pay for educational expenses. Here is his story: 'My name is Luismel. I am 21 years old and live in La Vega where I was born and raised. I am single and have no children. My parents are poor: my mother is a nurse at the La Vega hospital and my father sells goods in the streets of the town.

I am now in the 8th semester of an industrial engineering course at UCATECI. I enjoy studying about production materials, methods, and maintenance.

A loan from Kiva-FUNDAPEC would be the solution to my problems as without it I would not be able to continue studying. I do not have a job with which to support myself while I study, and my parents barely earn enough to live on. My goal is to get a good professional job and be able to use my knowledge in society. I want to do my share so that many Dominicans can leave behind the poverty in which they live.
View original language description ↓
Luismel Reynaldo es un joven estudiante de Ingeniería Industrial, él está solicitando un préstamo para poder pagar todos sus gastos de educación, esta es su historia: Mi nombre es Luismel, tengo 21 años, vivo en La Vega donde nací y crecí, tengo 2 hermanos y soy soltero sin hijos, mis padres son de escasos recursos, mi madre trabaja como enfermera en el hospital de La Vega y mi padre realiza trabajos ambulatorios.
Actualmente estoy cursando el 8vo cuatrimestre de Ingeniería Industrial en UCATECI, de mi carrera me gustan las materias de producción, método y mantenimiento.
El préstamo KIVA-FUNDAPEC sería la solución a mis problemas ya que sin este no podría seguir estudiando, no tengo un trabajo con que pagarme la carrera y con lo que ganan mis padres a penas nos da para sobrevivir.
Mi meta es llegar a ser un gran profesional y poder aportar a la sociedad mis conocimientos, aportar mi granito de arena para que muchos dominicanos puedan salir de la extrema pobreza en que viven.

Additional Information

More information about this loan

The education loans administered by FUNDAPEC can have loan terms of up to 12 years, which includes a grace period of up to 5 years. The grace period includes the time during which the student is enrolled at university. During the grace period, the borrower is not required to make any repayments, and the lenders will not receive any repayments. Please make sure loan terms and repayment schedules suit you before lending.

About FUNDAPEC

FUNDAPEC is a student lending organization headquartered in Santo Domingo, Dominican Republic. Its vision is to broaden access to education for all Dominicans, and offers financing to everyone from high school students to graduate students to afford tuition and educational supplies like laptops. Kiva lenders’ funds are used to help students pay for their educations. These loans are post-disbursed, and will not be provided to students until they are fully funded by Kiva lenders.

Tags

About Dominican Republic

  • $9,700
    Average annual income
  • 15
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,750
    Funds lent in using Kiva
  • 42.5
    Dominican Republic Pesos (DOP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $3,225 helped Luismel Reynaldo pay for the costs of his industrial engineering courses.
0% repaid
Repayment Term
82 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Dec 25, 2013
Listed
Nov 9, 2013
Currency Exchange Loss:
Possible