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Jose Armando
This is his story: My name is Jose Armando. I’m 18 years old. I live in La Vega. I was born there and due to financial difficulties I have lived in different places in this city. I have two sisters.

On another note, I am enrolling in the Universidad Católica Tecnológica del Cibao (UCATECI) in their college of medicine, for both humanitarian reasons and also because I like it pretty well. Above all, I feel capable and convinced that I can do it.

Nevertheless, to do that I need to be one of the beneficiaries of a loan. The loan is of vital importance for me because with it I would have the chance to study for my degree and could develop myself academically. My mother doesn’t work; my father drives a mototaxi and doesn’t have sufficient financial resources for my degree. This loan would change the course of my life for the better since it would shed the light needed to undertake a trip down such a demanding path.

There are many goals I could tell about, among them: to put forth my best effort to get the necessary knowledge for my degree and humbly get excellent grades so that I can graduate with high honors. At the same time, I have a responsibility to provide resources to my family, which they need so much.
View original language description ↓
Jose Armando, es un joven estudiante de medicina, él solicita un préstamo para poder cubrir sus gastos educativo, esta es su historia: Mi nombre es José Armando, tengo 18 años de edad, vivo en La Vega, nací en dicha ciudad y a causa de dificultades económicas he vivido en diferentes lugares de esta ciudad. Tengo dos hermanas.
Por otro lado, estoy ingresando a la Universidad Católica tecnológica del Cibao (UCATECI) a la facultad de medicina debido a razones humanitarias y a la vez me gusta bastante, pero sobre todo me siento capaz y convencido de poder ejercerla.
No obstante, para eso necesito del préstamo, y ser uno de los beneficiados, el préstamo es de vital importancia para mí ya con este tendría la oportunidad y la facilidad de ejercer mi carrera, y poder desarrollarme académicamente. Mi madre no trabaja y mi padre es moto-concho(taxi de motor) y no cuenta con los recursos económicos suficientes para mi carrera. Este préstamo cambiaría positivamente el curso de mi vida puesto que le ofrecería la luz necesaria para emprender el viaje a tan demandante camino.
Entre mis metas a cumplir puedo citar algunas, entre ellas: esforzarme al máximo para adquirir los conocimientos necesarios de mi carrera y humildemente conseguir excelente índices para así graduarme con altos honores. Por otro lado, tengo la responsabilidad de suplir a mi familia de recursos, que tanto lo necesitan.

Additional Information

More information about this loan

The education loans administered by FUNDAPEC can have loan terms of up to 12 years, which includes a grace period of up to 5 years. The grace period includes the time during which the student is enrolled at university. During the grace period, the borrower is not required to make any repayments, and the lenders will not receive any repayments. Please make sure loan terms and repayment schedules suit you before lending.


FUNDAPEC is a student lending organization headquartered in Santo Domingo, Dominican Republic. Its vision is to broaden access to education for all Dominicans, and offers financing to everyone from high school students to graduate students to afford tuition and educational supplies like laptops. Kiva lenders’ funds are used to help students pay for their educations. These loans are post-disbursed, and will not be provided to students until they are fully funded by Kiva lenders.


About Dominican Republic

  • $9,700
    Average annual income
  • 4
    View loans »
    Dominican Republic Loans Fundraising
  • $8,265,375
    Funds lent in using Kiva
  • 42.9
    Dominican Republic Pesos (DOP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $9,325 helped Jose Armando to cover higher education expenses.
0% repaid
Repayment Term
141 months (Additional Information)
Repayment Schedule
May 6, 2014
Apr 9, 2014
Currency Exchange Loss: