Rocio has always dreamt of becoming a professional. Rocio is currently attending the Universidad Autonoma Tomas Frias, working towards her degree in business. She expects to graduate in July 2014, but without a loan is unsure how she will be able to continue affording her education. Her alternative would be to take time off from school to work and save money until she could return. It is important to her to graduate on time so she can enter into the job market as soon as possible.
With the loan, Rocio plans to purchase her textbooks. As an added expense, textbooks are often not bought to save money. With them Rocio hopes to be able to better understand her subjects. One of her biggest challenges has been making time to work and go to school. With a career in business, she expects to earn $25 a day, a substantial increase from before. As the youngest of 4, with two older siblings attending college already, Rocio is unsure how she will be able to finance her education on her own. Rocio's father's salary from his job in a mining cooperative is the family's primary source of income. For her family, finances have always been tight. To help out, Rocio began working at age 18. To help afford her school and living expenses, Rocio currently works 30 hours a week as a salesperson.
More information about this loan
This loan is admnistered by Vittana's partner Banco Fie
Vittana is a nonprofit that aims to provide access to education for millions of young people struggling to overcome poverty around the world. All Vittana loans are administered by local MFIs which are vetted and approved by Vittana staff. For a list of Vittana's MFI partners, please click here.
Vittana loans provide students with degrees and certificates that lead to higher paying jobs and sustainable livelihoods. Capital to fund Vittana loans comes from its crowdfunding website, investment funds and strategic partnerships. Today, more than 6,000 students in 12 countries have received a Vittana loan and are repaying at a rate of 99.8%. With the help of the Kiva community, Vittana is expanding its work and graduating a generation beyond poverty.