Carmen dreams of a career in commercial engineering. Carmen is currently attending the Universidad San Fransisco Xavier, working towards her degree. She plans on graduating in December, 2013 but without a loan from Vittana she fears that she will need to defer her graduation. With this loan, Carmen plans on paying her graduation fee. This fee is often more expensive than the semester's tuition and is a frequent impediment for graduating students in Chuquisaca.
Carmen currently works 40 hours a week. One of her biggest challenges has been making time to work and go to school. With a career in engineering, she expects to earn $13 a day. With one older sibling attending college already, Carmen is unsure how she will be able to finance her education on her own without the assistance of a Vittana Loan.
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.