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Hector Carlos
Hector lost his father, but he lives with his mother and his little sister in the district of Huaycan. He gets up very early every day to cover the 3-hour trip it takes him to get from home to his learning center. He is an exemplary student, his half way to his degree, but his mother his having a hard time covering his expenses, so Hector would have to leave school, without financial support from Kiva's lenders.
He is very close to beginning his paid apprenticeships, which will allow him to help his mother with home expenses.
He believes that education is the main tool in order to grow and thrive, so he is very grateful to Kiva and its lenders for all the support they provide, so can finish school and get a job that will allow him to help his mom back home home and to also become a role model for his sister.
View original language description ↓
Hector es huérfano de padre, vive con su madre y su hermana pequeña en el distrito de Huaycan y todos los días se levanta muy temprano para cubrir las 3 horas de viaje que demora en ir de casa a su centro de estudios.
El es un alumno muy aplicado y ya se encuentra cursando la mitad de su carrera, sin embargo su madre tiene problemas económicos para afrontar sola los gastos en casa y Hector tendría que abandonar sus estudios de no contar con el apoyo de los prestamistas de Kiva para poder financiarlos.
El esta próximo a realizar practicas pre-profesionales remuneradas si continua estudiando y con esto podría ayudar a su madre en solventar los gastos en su hogar.
El cree que la educación es la principal herramienta para poder crecer y salir adelante, por lo cual se siente muy agradecido con los prestamistas de Kiva con todo el apoyo que le brindan para culminar sus estudios y poder así conseguir un trabajo que le permita ayudar en casa y ser al mismo tiempo ejemplo a seguir para su pequeña hermana.

Additional Information

More information about this loan

This loan is structured on 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.

About IPFE:

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.


About Peru

  • $12,000
    Average annual income
  • 130
    View loans »
    Peru Loans Fundraising
  • $60,116,750
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,450 helped Hector Carlos to pay for his teachnical studies to become an industrial mechanic.
41% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
At end of term
May 15, 2014
May 31, 2014
Currency Exchange Loss: