Peter comes from a broken home and lives alone with his mother in the populous Comas district of Lima. She has been both father and mother to him since Peter's father abandoned them and never financially contributed to support their home.
His mother works as a seamstress in various workshops, and she has managed to get ahead with great effort and sacrifice for her son, giving him an education as far as possible. Unfortunately, she is now going through a bad time and can no longer finance Peter's studies. Without the support of Kiva lenders, Peter will have to give up his technical studies.
He wishes to finish his studies of automotive mechanics and to have his own workshop in the future, where he can provide work for young people like him who are eager to learn and get ahead. This is why he is very grateful for all the support that Kiva lenders can provide for him to continue his studies and make his dream a reality.
He wants to pay back his mother for all the sacrifices she has made to help him, to help her financially, and to give her a decent life.
Peter proviene de un hogar de padres separados, el vive solo con su madre en el populoso distrito de Comas en Lima. Ella a sido padre y madre para el debido a que su padre los abandono y nunca a aportado económicamente para el sostenimiento del hogar.
Su madre trabaja de costurera eventualmente en distintos talleres y a sabido sacar adelante con mucho esfuerzo y sacrificio a su hijo, dándole una educación hasta donde le a sido posible, lamentablemente ahora esta pasando por un mal tiempo y no puede financiar mas los estudios de Peter, por lo que tendrá que dejar sus estudios técnicos para comenzar a laborar de no contar con el apoyo de los prestamistas de Kiva.
El desea terminar sus estudios en mecatronica automotriz y tener en un futuro un taller propio donde pueda dar trabajo a jóvenes como el deseosos de aprender y salir adelante, por esto es que esta muy agradecido con todo el apoyo que pudieran brindarle los prestamistas de Kiva para continuar sus estudios y hacer de su sueño una realidad.
El quiere devolver todo el sacrificio que a realizado su madre por ayudarlo, ayudarla económicamente y darle una vida digna.
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.