Becoming a mechanic is Ronal's dream. To achieve his goal, Ronal has enrolled in Escuela de Mecanica Automotriz Simon Bolivar. He expects to graduate in April 2014 but without a loan is unsure how he will be able to continue affording his education. He shares that his alternative would be to take time off from school to work and save money until he could return. Ronal shares that it is important to him to graduate on time so he can enter into the job market as soon as possible.
With a loan, Ronal plans to pay his graduation fee. This fee is often more expensive than the semester's tuition and is a frequent impediment for graduating students in Tarija. With a degree in mechanics, he expects to earn $17 a day.
Unfortunately, Ronal's parents never had the opportunity to complete their high school education. Without the opportunity for a higher degree, his parents never had the chance to move up. Growing up, finances have always been tight. As the youngest of eight, with one older sibling attending college already, Ronal is unsure how he will be able to finance his graduation 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.