Sandra wants to work in the hospitality industry. She is currently attending Infocal El Alto, working towards her degree and expects to graduate in December 2015 but without a loan, she is unsure how she will be able to continue affording her education. She shares that her alternative would be to take time off from school to work and save money until she could return. Sandra shares that it is important to her to graduate on time so she can enter into the job market as soon as possible.
With the Vittana loan, Sandra plans to pay for her tuition. With a career in hospitality, she expects to earn $6 a day, a substantial increase from before.
Sandra's parents were never able to complete their primary education. For her family of eight, finances have always been tight. With one older sibling attending college already, Sandra is unsure how she will be able to finance her education on her 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.