Working in business administration is Orlando's dream. Orlando was accepted into the Universidad Autonoma Tomas Frias, and now with the chance to achieve his dream he is concerned about financing his education. He plans on graduating in November, 2015, but without a loan from Vittana, he fears that he will need to defer his graduation.
Orlando plans on spending the loan money to purchase his textbooks. As an added expense, textbooks are often not bought to save money. With them, Orlando hopes to be able to better understand his subjects.
Orlando currently works 30 hours a week and earns $8 a day. The income from his job is crucial for Orlando, but one of his biggest challenges is making time to work and go to school. With a degree in business administration, he expects to earn $10 a day. Orlando's parents were never able to complete their primary education. For his family of eight, finances have always been tight. With three younger brothers and four younger sisters, Orlando hopes to be a role model by being the first in his family to graduate from university.
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.