Rolando is an only child; his parents are separated and he lives with his mother in Lima. She is his sole caretaker, and has a small shoe sales business which is their household's only source of income. Rolando is starting a technical degree in Electronics, and the economic problems at home mean that even at his young age, he would have to stop studying in order to start working if it weren't for the support of Kiva lenders.
Rolando wants to study, finish his technical degree and become a professional so that he can support his mother, who has worked so hard for him. Rolando would like to thank Kiva lenders for the support they are providing to him and to all the young people with few resources to help them study without problems and become better people.
Rolando es hijo único, sus padres son separados y el vive con su madre en Lima, ella se encarga sola de su crianza y manutención, tiene un pequeño negocio de venta de calzado, única fuente de ingreso en el hogar. Rolando esta iniciando su carrera técnica en Electrónica y los problemas económicos en casa ocasionarían que deba de dejar sus estudios para empezar a trabajar a su corta edad de no contar con el apoyo de los prestamistas de Kiva.
Rolando desea estudiar y culminar su carrera técnica y ser profesional para poder apoyar a su madre que tanto esfuerzo a hecho por el.
Rolando quiere agradecer a los prestamistas de Kiva por el apoyo que le brindan a el y a todos los jóvenes sin recursos para poder estudiar sin problemas y ser mejores personas.
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.