Marisela was accepted into the Universidad Amazonia De Pando, and now with the chance to work in business administration, is concerned about affording her school costs. She plans on graduating in November 2014, but without a loan from Vittana, she fears that she will need to defer her graduation.
Marisela plans on using the loan to pay her graduation fee. This fee is often more expensive than the semester's tuition and is a frequent impediment for graduating students in Pando.
Marisela currently works 30 hours a week as a secretary, but making time to work and go to school has been one of her biggest challenges. With a career in business administration, she expects to earn $25 a day.
With one younger brother, Marisela hopes to be a role model by being the first in her family to graduate from university. Marisela's father's salary from his job as a gardener is the family's primary source of income. Marisela hopes to be able to contribute towards her family's income in the near future.
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.