Abel was born in Huancayo, in the highlands of Peru. He comes from a family of separated parents, and he moved to the capital in order to study and achieve a better future for himself and his mother, who remained in her native city. He lives alone in Lima, where he rents a room that he pays for with the income that he earns from his part-time job in a mechanics' shop.
He cannot afford to continue paying for his room, food, and education, which is why, without the support of the Kiva lenders, he will soon have to quit his studies and return to Huancayo.
He is only a year away from completing his technical courses in automotive electronics, and he wants to be able to finish, so that he can work in a repair shop and earn the money to bring his mother to live with him in Lima.
Abel is very grateful to the Kiva lenders for all of the support that they can give to him. For his part, he expresses admiration for their great work in favor of education worldwide—education that he believes is fundamental in order to develop and triumph in life.
Abel nació en Huancayo, sierra del Perú y proviene de una familia de padres separados. El emigro a la capital para poder estudiar y conseguir un mejor futuro para el y para su madre, quien se quedo en su ciudad natal. El vive solo en Lima, donde alquila un dormitorio el cual paga gracias al ingreso que le genera su trabajo de medio tiempo en un taller de mecánica.
El dinero no le alcanza para poder seguir costeando su dormitorio, alimentación y educación, por lo cual pronto tendrá que dejar sus estudios y regresar a Huancayo de no contar con el apoyo de los prestamistas de Kiva.
El se encuentra apenas a un año de terminar su carrera técnica en electricidad automotriz y desea poder terminarla y trabajar en un taller para ganar dinero y traer a su madre a vivir con el en Lima.
Abel esta muy agradecido con los prestamistas de Kiva por todo el apoyo que pueden brindarle y asu vez felicita su gran labor en favor de la educación a nivel mundial, educación que el considera fundamental para poder desarrollarse y triunfar en la vida.
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.