Carlos lives in the Puente Piedra district of Lima, the capital of Peru. He lives with his parents and the three siblings: one younger one, who's still of school age, and his sister, who like him also attends school. His parents work very hard to be able to get their three children ahead. His mother sells fruit in a market and his father sells bread as a street vendor on a tricycle, starting at a very early hour.
There's not enough money to pay for everyone's studies, so Carlos, as the oldest male, would have to stop going to school and start working if he didn't have the help of Kiva lenders.
The amount he was paying for his program doubled when he entered the third year of studies, and it's impossible for his parents to continue to support him. This is why he's requesting the support of Kiva lenders, because upon gaining access to what they're lending, he would be able to pay his fees and continue going to school without any problems.
He's grateful for the opportunity and the help of Kiva lenders. He thinks his work is very important for the growth of education in developing countries.
He wants to finish his program and get experience working in some print shop so in the future he can set up his own business. That way he'll help his parents and help his younger brother to become a professional, too.
Carlos vive en Puente Piedra, distrito de Lima, capital del Perú, junto a sus padres y sus tres hermanos, un menor, aun en edad escolar y su hermana, que como el también esta estudiando. Sus padres trabajan muy duro para poder sacar adelante a sus 3 hijos, su madre vende fruta en un mercado y su padre vende pan en un triciclo de manera ambulante desde muy temprano. El dinero no alcanza para costear los estudios de todos, por lo que Carlos, al ser el hijo varón mayor, tendría que dejar sus estudios y empezar a trabajar de no contar con el apoyo de los prestamistas de Kiva.
La pensión que pagaba por su carrera se duplico al pasar a su tercer ciclo de estudios por lo que a sus padres les es imposible seguirlo apoyando, es por esto que les pide su apoyo a los prestamistas de Kiva ya que al acceder al beneficio que prestan, el podría pagar la cuota que se le asignaría por el mismo y así podría seguir estudiando sin inconvenientes.
El agradece la oportunidad y la ayuda que le dan los prestamistas de Kiva y considera su labor como muy importante para el desarrollo de la educación en los países en vías de desarrollo.
El desea terminar su carrera y ganar experiencia trabajando en alguna imprenta para en un futuro poder poner su propio negocio para así ayudar a sus padres y a su hermano menor para que también se logre como profesional.
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.