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Yelsin Joel
Yelsin lives in Lima with his mother and sister; his father died when he was just a baby. His mother took charge of his growth and care since almost the day of his birth. His mother, a merchant, is from Cerro de Pasco, a province in the mountains. She came to the capital city looking for a way to get ahead and she takes care of her family with what little income her grocery store generates. She doesn't have enough money to continue paying for her son's schooling, which means Yelsin will have to abandon his studies and begin working if he doesn't have support from the Kiva lenders.

Yelsin wants to finish school and become a professional. He wants to gain experience and eventually run his own business so that he can help out his mother and sister. He knows that this dream will only be possible if he can finish his degree, which is why he is very grateful to the Kiva lenders for their support in achieving his goals.
View original language description ↓
Yelsin vive en Lima con su madre y hermana, su padre falleció cuando el era apenas un bebe por lo que es huérfano y tanto su crianza como manutención a estado a cargo de su madre prácticamente desde que nació.
Su madre es comerciante, vino de Cerro de Pasco, provincia ubicada en la sierra peruana en busca de salir adelante en la capital y mantiene a su familia con los pocos ingresos que le genera su negocio de venta de abarrotes en su misma casa.
Ella no cuenta con los medios suficientes para poder seguir pagando los estudios del joven Yelsin, por lo que este tendrá que abandonar su carrera y comenzar a trabajar de no contar con el apoyo de los prestamistas de Kiva.
Yelsin desea terminar su carrera y llegar a ser un gran profesional, ganar experiencia y llegar a administrar su propio negocio para poder ayudar a su madre y hermana. El sabe que este sueño solo sera posible de culminar sus estudios, por lo que se encuentra muy agradecido con los prestamistas de Kiva de poder contar con su ayuda para cumplir con sus metas.

Additional Information

More information about this loan

This loan is structured on 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.

About IPFE:

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.


About Peru

  • $12,000
    Average annual income
  • 117
    View loans »
    Peru Loans Fundraising
  • $61,968,575
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD
A loan of $5,025 helped Yelsin Joel to pay for technical studies in Industrial Management.
Repayment Term
62 months (Additional Information)
Repayment Schedule
At end of term
Jun 10, 2014
Jun 23, 2014
Currency Exchange Loss:
Jul 23, 2014