- PhilippinesServicesFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
- PhilippinesHealthFunding via Paglaum Multi-Purpose Cooperative (PMPC)
- PhilippinesHousingFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
Being the youngest child and living in poverty motivate R-Jay to find means to help his parents have more income. That’s why he braved the selection process of BagoSphere and successfully qualified for a 2-month training program that could lead to a call center job. R-Jay dreams of earning enough money to buy a house for his parents. Lenders' generosity in funding this loan will help R-Jay have a higher and better income.
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 BagoSphereBagoSphere 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.
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Success!! The loan was 100% repaid