Juan dreams of becoming a computer engineer. To achieve his goal, Juan has enrolled in the Universidad Autónoma Juan Misael Saracho. He plans on graduating in December, 2014, but without a loan from Vittana, he fears that he will need to defer his graduation.
With this loan, Juan plans on purchasing his much needed textbooks and school supplies. With the proper books, Juan feels he will be able to study more effectively and earn better grades.
In addition to his responsibilities at school, Juan currently works 30 hours a week in a computer repair shop and earns $6 a day. With a degree in computer engineering he expects to earn $20 a day.
As the youngest of four, with one older sibling attending college already, Juan is unsure how he will be able to finance his education 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.