Lincol was born in the Peruvian jungle, but moved to Lima with his father, who is a taxi driver, to attend school. His mother, a hairstylist, and his younger siblings continue to live in Chanchamayo. At this time, he is going through a difficult financial situation, and so he will not be able to continue to study without financial support from the Kiva lenders.
Lincol will be the first in his family to get an advanced degree, and they are proud of him. His dream is to complete his education and launch his own mechanics business in Chanchamayo, so that he can help his family financially and become a role model for his siblings to follow. In addition, he would like to have the opportunity to work abroad to gain experience and gain competence.
Lincol wants to thank the Kiva lenders for this support, and to tell them that he believes that support like this can change the lives of many young people who are in the same situation as him. He strongly believes that the good deeds that one does for others come back to oneself.
Lincol nacio en la selva de Peru pero se mudo a Lima con su padre, que es mototaxista, para realizar sus estudios. Su madre, peluquera, y sus hermanos menores siguen viviendo en Chanchamayo. Actualmente, atraviesa por una dificil situacion economica la cual no le permitiria seguir estudiando sin el apoyo economico de los prestamistas de Kiva. El sera el primer miembro de su familia que obtenga un titulo profesional a nivel superior y estan orgullosos de el. Su sueno es de terminar sus estudios y establecer su propio negocio de mecanica en Chanchamayo para poder ayudar economicamente a su familia y ser modelo a seguir para sus hermanos. Le gustaria tambien una opportunidad de trabajar en el extranjero para ganar experiencia y ser mas competente.
Lincol quiere agradecer a los prestamistas de Kiva por este apoyo y decirles que cree que apoyo como este podria cambiar la vida de muchos jovenes que se encuentran en la misma situacion que el. El piensa firmemente de que las buenas acciones que uno hace por otras personas regresan a uno mismo.
More information about this loan
This loan is structured on Kiva.org as a bullet-loan, or featuring only a single payment at the end of the loan term. Kiva's partner IPFE offers students an optional grace period and flexible repayment schedule, as their capacity to repay is limited and often unpredictable during the course of their studies. This means that although this student client is likely to make a number of small, gradual repayments over the course of his or her loan term, Kiva and IPFE are unable to project when exactly these will occur. Therefore, although these payments have not been factored into the repayment plan on Kiva, you will likely be reimbursed for a portion of this loan before the bullet payment at the end of the loan term.
IPFE is a non-profit organization that was created to provide affordable credit facilities for students who want to gain access to quality higher education. IPFE benefits from a solid reputation with high profile personalities on its Board, which ensures solid ties to both the public and private sector in Peru.
IPFE seeks to expand its student loan portfolio by providing loans to the low-income population with the aim of securing jobs in the thriving technical industry. This will consequently lead to stronger economy and a lower unemployment rate in Peru.