Salvador comes from a family where the parents were separated. Both his father and mother got into new relationships, and neither of them took charge of raising him. He lives in Lima with his paternal grandparents who have known how to make up for the lack of affection that he suffered after the parting of his parents. Due to their advanced age, his grandparents do not work. The only income that they receive is from renting out part of their home as a commercial space. This does not generate enough income to cover the educational expenses of young Salvador, which is why it would not be possible for him to continue to study without the support of the Kiva lenders.
Salvador's grandparents are proud of him, because he has a desire to excel even in spite of all of the difficulties that he has faced from the time he was very young. He wants to complete his education and work for a great company so that he can repay his grandparents for everything that they have given him. He is grateful to the Kiva lenders for all of the support they are providing so that he can achieve his dreams.
Salvador proviene de una familia de padres separados, tanto su padre como su madre tienen nuevos compromisos y ninguno se hace cargo de su crianza. El vive en Lima junto a sus abuelos paternos que han sabido cubrir con mucho amor las carencias afectivas que pudo tener desde la partida de sus progenitores, ellos debido a su avanzada edad no laboran y su único ingreso es el que perciben por el alquiler de parte de su vivienda como local comercial, el cual no es suficiente para cubrir los gastos de educación del joven Salvador, por lo que no seria posible que continúe estudiando sin el apoyo de los prestamistas de Kiva.
Sus abuelos están orgullosos de el por su deseo de superación pese a todas las dificultades que ha vivido desde tan pequeño.
El desea concluir sus estudios y trabajar en una gran empresa para poder retribuir a sus abuelos todo lo que le han dado y agradece a los prestamistas de Kiva todo el apoyo que le proporcionan para poder lograr sus sueños.
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.