Miguel Angel comes from a household with separated parents. He lives in Lima with his mother and his sister, who is the only one who supports the household expenses, working as a permanent salesperson, since his mother is a housewife and his father doesn't help with anything.
Miguel Angel works as a casual employee, driving a motorcycle taxi, and with what he earns, he pays his transportation expenses to the institute where he studies maintenance of heavy machinery, a course that he hopes to be able to complete with the help of the Kiva lenders to be able to become a professional. He has the dream of finishing his studies and being able to acquire experience working for a large business so that in the future he can open his own workshop, which will allow him to help his mother and his sister.
Now he is in the middle of his course and he needs the economic help of the Kiva lenders to be able to complete it, since he doesn't have the means necessary to be able to cover the costs.
Miguel Angel is very grateful to the Kiva lenders for helping talented youth such as himself to reach their dreams through access to education, since with this they are changing their lives for the better.
Miguel Angel proviene de un hogar de padres separados, vive en Lima junto a su madre y hermana, la cual es la única que aporta en los gastos de la casa trabajando como vendedora de modo estable ya que su madre es ama de casa y su padre no apoya con nada.
Miguel Angel trabaja de manera eventual manejando una mototaxi y con lo que gana paga sus gastos de movilidad hacia el instituto donde estudia mantenimiento de maquinaria pesada, carrera que espera poder concluir con ayuda de los prestamistas de Kiva y poder ser profesional. El tiene el sueño de culminar sus estudios y poder adquirir experiencia trabajando en una gran empresa para en un futuro poder abrir su propio taller que le permita ayudar a su madre y a su hermana.
Actualmente se encuentra a la mitad de su carrera y necesita del apoyo económico de los prestamistas de Kiva para poder culminarlos ya que no cuenta con los medios necesarios para poder solventarlos.
Miguel Angel esta muy agradecido con los prestamistas de Kiva por ayudar a jóvenes talentosos como el a alcanzar sus sueños a través del acceso a la educación, ya que con esto están cambiando para mejor sus vidas.
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.