Ivan wants to become an accountant. To achieve his goal, Ivan has enrolled in the Universidad Autónoma Juan Misael Saracho. He expects to graduate in December, 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. Ivan 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 Vittana loan, Ivan plans on spending the money towards purchasing his textbooks. As an added expense, textbooks are often not bought to save money. With them, Ivan hopes to be able to better understand his subjects. With a degree in public accounting and finance he expects to earn $20 a day.
With two older siblings attending college already, Ivan is unsure how he will be able to finance his education on his own without the assistance of a Vittana loan. Ivan's father's salary from his job in construction is the family's primary source of income. To help afford his school and living expenses, Ivan currently works as a mason.
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.