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Nayade Teresa
Nayade Teresa is a young marketing student. She is seeking a loan to be able to cover her education costs. This is her story:

My name is Nayade Teresa, I am 21 years old and I live in San Cristobal, south of the city of Santo Domingo. I currently live with my parents, and I am the eldest of three siblings. The income that my household obtains is through my work and my mother's work, but it is not enough for the needs of my household considering that we live outside of the city and I have a lot of transportation costs to to travel from my province to the city.

I am currently in my fifth quarter of my marketing degree at one of the best univeristies, Apec University. I enjoy this field because it allows me to develop as a negotiator, and be able to in the future create my own business that can become my way to earn a living when I become independent because it is always good to not only earn an income from your job, but to also have your own income to cover unforeseen expenses like the ones that my family has had to experience lately.

Without the help of this loan, I will not be able to continue my education as at the moment, I do not have the resources to cover the expenses. When I began my second quarter at the university, I found myself in need of taking out a loan to continue my education, believing that my family's financial situation would improve. However, now in my fifth quarter, I find myself in a situation where I will not be able to continue because the money that I need to pay back the first loan is a lot, and I would not be able to cover my transportation costs for which I have designated part of my income.

I find myself again having to put my education on hold if I do not find the necessary resources to cover my final quarters. For this reason, it is important for me to be able to count on you so that I can continue my education, charge ahead, and reach the goals I have set for myself such as becoming a professional so that I can contribute to my society with my knowledge and help my family get ahead.
View original language description ↓
Nayade Teresa es una joven estudiante de mercadeo, ella solicita un préstamo para poder cubrir sus gastos educativo, esta es su historia: Mi nombre es Nayade tengo 21 años de edad y resido en San Cristóbal al Sur de la cuidad de Santo Domingo. Actualmente vivo con mis padres y soy la mayor de tres hermanos.
Los ingresos que actualmente recibe mi hogar son a través del trabajo de mi madre y el mío, pero estos no son bastos para lo que exige mi hogar, contando que resido fuera de la ciudad y tengo muchos gastos de transporte para trasladarme de mi provincia a la misma.
Actualmente estoy en mi quinto cuatrimestre de la carrera Licenciatura en Mercadotecnia en una de las mejores universidades que imparte esta carrera que es la Universidad Apec, esta carrera me gusta porque me ayuda a desarrollarme como negociante y así poder crear en un futuro mi propio negocio que es la fuente de la que quiero vivir cuando me independice ya que es bueno siempre aparte de recibir ingresos por empleo el tener sus propios ingresos para cubrir imprevistos como los que ha atravesado mi familia últimamente.
Sin la ayuda de este préstamo, no podré seguir mis estudios universitarios ya que actualmente no cuento con los ingresos necesarios para cubrirlos.
Cursando mi segundo cuatrimestre en la universidad me vi en la necesidad de tomar un préstamo para poder continuar mis estudios, confiando en que la situación económica de mi familia mejoraría, pero ahora en mi quinto cuatrimestre me veo en la situación de no poderlo seguir utilizando ya que el dinero que debo pagar para saldar el mismo es muy elevado y no me permitiría cubrir los gastos de transporte que es para lo que tengo destinado parte de mis ingresos. Me veo expuesta nuevamente a tener que paralizar mis estudios sino consigo los fondos necesarios para cubrir los cuatrimestres que me hacen falta, por eso es importante para mi poder contar con ustedes, para poder continuar mis estudios, echar adelante y cumplir las metas que me he trazado como es el hacerme un profesional para aportarle a mi sociedad con buenos conocimientos y ayudar a mi familia a echar para adelante.

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.

About FUNDAPEC

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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,158,875
    Funds lent in using Kiva
  • 42.8
    Dominican Republic Pesos (DOP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $9,350 helped Nayade Teresa with higher education costs.
0% repaid
Repayment Term
113 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
May 30, 2014
Listed
May 18, 2014
Currency Exchange Loss:
Possible