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Additional Information

More information about this loan

This loan offers flexible terms to meet the needs of BagoSphere's students. After students complete training, they are afforded up to a 6-month grace period to secure employment. Students who are able to find call center jobs then repay their loans over the course of 8 months. However, if a student must find alternative employment, BagoSphere will extend the loan term for up to 18 months. By funding this loan you are providing students with the opportunity to receive training, and giving them the flexibility to start employment before beginning loan repayment.

About BagoSphere

BagoSphere is a for-profit social enterprise that provides vocational training in the Philippines to help rural youth prepare for call center jobs. These jobs enable young people to earn far more than they could through unskilled labor, and enable them to save for professional and personal development goals.

Bagosphere uses Kiva capital to extend its “study now pay later” tuition loans program, with 0% interest for students admitted to their program that demonstrate financial need.

Tags

About Philippines

  • $1175
    Average annual income
  • 1538
    View loans »
    Philippines Loans Fundraising
  • $56,698,350
    Funds lent in using Kiva
  • 44.7
    Philippines Pesos (PHP) = $1 USD
Paying Back - Delinquent
A loan of $400 helped this borrower to pay for tuition for a 2-month call center training program that can get her a job paying about $270 monthly.
12% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Mar 17, 2014
Listed
Feb 28, 2014
Currency Exchange Loss:
Possible