Braulio lives in Lima. He is studying to become a technician in electronics and industrial automation. His mother works as a housewife and his father is a street vendor, who despite his age is the one who sustains the family economically.
Some weekends, Braulio works as a waiter in special events such as baptism ceremonies or weddings in order to help his parents with the home expenses. His parents love him and think that he is a very good son. However, their expenses are greater than their income, so he will have to quit studying in order to get a full-time job unless he gets support from Kiva lenders.
Braulio wants to finish his studies and work for a good company so that he can help his family and take some weight off his father’s shoulders, because he is old and deserves to rest. He really appreciates all the help Kiva lenders give him to continue with his studies and achieve his goals. He is sure that such a nice gesture will soon be rewarded with graces and blessings.
Braulio vive en Lima y estudia para ser técnico en electrónica y automatización industrial. Su madre es ama de casa y su padre es comerciante ambulante y es pese a su avanzada edad la principal fuente de ingresos económicos en su hogar.
Braulio trabaja eventualmente los fines de semana como mozo en eventos como bautizos o matrimonios para poder ayudar con los gastos de la casa a sus padres, ellos lo quieren mucho y lo consideran un muy buen hijo. Sin embargo los gastos superan sus ingresos y pronto tendrá que dejar sus estudios para trabajar a tiempo competo de no contar con el apoyo de los prestamistas de Kiva.
Braulio desea culminar sus estudios y laborar en una buena empresa para poder ayudar a su familia y a que su padre pueda tener el descanso que a su avanzada edad merece. El esta sumamente agradecido por toda la ayuda que le brindan los prestamistas de Kiva para seguir sus estudios y lograr sus metas y esta seguro de que tan noble gesto sera recompensado pronto con muchas gracias y bendiciones.
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.