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Luis Eduardo
Luis is a young student of social communication. He is applying for a loan in order to pay for his studies. This is his story:

"Hi. My name is Luis Eduardo. I'm 19 years old and live with my mother, cousin and niece in Romana, in the east of the Dominican Republic. I have no contact with my father. From a young age, it has been my mother who has given me everything. She does not work and only has a small business in the house, where she makes ice cream. With this, she has supported me.

"I decided to study social communication at UTESA in Santo Domingo because I have always liked this subject and I believe that I can give society a lot by bringing it accurate and positive news. However, given that my family does not have enough money to pay for matriculation fees, or even for transport, I need some help.

"I am applying for this loan because my mother has done all that she can for me to start university but I cannot start because I do not have enough money.

"My dream is to complete my studies, graduate and be a great professional. I want to be somebody who brings something positive to the now very influential media. My dream is to be able to help my family to get ahead, especially my mother who, even with limited resources, has got me to where I am today."
View original language description ↓
Luis Eduardo es un jovem estudiante de Comunicación Social, el esta solicitando un prestamo para poder pagar sus estudios, esta es su historia: Hola mi nombre es Luis Eduardo, tengo 19 años de edad, vivo con mi madre, una prima y una sobrina en la Romana al Este de la República Dominicana. No tengo relación con mi padre, desde pequeño mi madre ha sido la que me ha dado todo, ella no trabaja solo tiene un pequeño negocio en la casa de hacer helados y con eso me ha mantenido.

Decidí estudiar comunicación social en UTESA en santo domingo, debido a que siempre me gusto esa carrera ya que considero que puedo aportar mucho a la sociedad llevando informaciones correctas y positivas. Pero debido a que mi familia no cuentan con los recursos necesarios para costear el pago de la matricula ni el transporte porque me queda un poco retirado necesito una ayuda.

Solicito el préstamo porque ya mi madre ha hecho todo lo que esta a su alcance para que yo inicie la universidad pero no he podido por la falta de recursos.

Mi sueño es poder realizar mis estudios, graduarme y ser un gran profesional, alguien pueda aportar algo positivo en los medios de comunicaciones que son hoy en día tan influyentes. Mi sueño es poder ayudar a mi familia a salir adelante y más a mi madre que con muchas limitaciones pero con su gran esfuerzo me ha llevado hasta donde estoy hoy.

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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,221,500
    Funds lent in using Kiva
  • 43.0
    Dominican Republic Pesos (DOP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $4,825 helped Luis Eduardo to pay matriculation fees for his studies in social communication.
0% repaid
Repayment Term
124 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Feb 28, 2014
Listed
Jan 31, 2014
Currency Exchange Loss:
Possible