Romel was born in Apurimac, which belongs to the office that deals with the mountain areas of Peru. He moved to Lima with his family in search of a better future. His parents are separated and now he lives with his mother. She raises him and his sister on her own. She generates an income by selling food at a transport terminal.
The financial support that he gets from his father is minimal. His mother doesn't have sufficient resources to be able to pay for his higher education. This means that Romel would have to start working and therefore forget his dream of studying industrial designing, unless he can get the support of the Kiva loans.
This is why he is very grateful and happy for the support that he can receive to become a successful professional and help his mother and sister get along.
Romel thinks that education is the best investment you can make and for this reason he gives thanks on behalf of all beneficiaries for the kind support.
Romel nació en Apurimac, departamento de la sierra del Perú y llego con su familia a la capital,Lima, en busca de un mejor porvenir. Sus padres son separados y el vive actualmente con su madre, ella cría y mantiene sola a el y a su hermana vendiendo comida en un terminal de transporte terrestre ya que el aporte económico que le brinda su padre es mínimo. Su madre no cuenta con los recursos suficientes para poder darle una educación superior a Romel por lo que tendría que comenzar a trabajar y así olvidar su sueño que tiene de estudiar diseño industrial de no contar con el apoyo de los prestamistas de Kiva.
Es por esto que el esta muy agradecido y feliz por el apoyo que puede recibir para llegar a ser un profesional de éxito y ayudar a su madre y hermana a salir adelante.
Romel piensa que la educación es la mejor inversión que puede hacerse y por esto que agradece en nombre de todos los beneficiarios tan gentil apoyo.
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.