Rolando dreams of becoming a science teacher, but without a teaching degree knows it may never be possible. Rolando was accepted into the Universidad San Francisco De Asís, and now with the chance to achieve his dream, is concerned about affording tuition fees.
He expects to graduate in December 2014, but without a loan, is unsure how he will be able to continue to afford his education. He shares that his alternative would be to take time off from school to work and save money until he could return. For Rolando, it is important to him to graduate on time so he can enter into the job market as soon as possible.
With a loan, Rolando plans on using the funds to pay his tuition while he saves his salary from his part-time job. Rolando currently works 30 hours a week, but making time to work and go to school has been one of his biggest challenges.
For his family of three, finances have always been tight. This loan will allow him to afford his education and focus on his schoolwork.
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.