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Sep 13, 2016 8:28 PM ET

Archived: Peru: Raquel – A loan of $1,350 helps to invest in paying one complete cycle of her studies in business administration.

iCrowdNewswire - Sep 13, 2016


Lima Norte, Peru / Higher education costs
Borrower image

Raquel’s story

Raquel is 21 year old, single, and a studious young woman who wants to achieve her dream and that of her parents, which is to manage to be a professional and for this she has chosen to study for a degree in business administration. She began her studies three years ago and still has two more years until she is done. She began her studies very enthusiastically, it is a topic which she likes and it interests her a lot since in the future she would like to form her own company. One of the problems which she has is when she needs to make the monthly payments since it is a requirement to be up to date on the payments in order to be evaluated, and her greatest concern is that her parents will not be able to come up with the money. It is for this that the received loan will relieve her a lot since she will be able to pay off the entire cycle of studies and be able to study in peace. 

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Translated from Spanish by Kiva volunteer Wendy Harris View original language description 

This loan is special because:

It’s adaptable to different degree programs and repayment until after program end. 

Kiva staff

More about this loan 


EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.

A loan of $1,350 helps to invest in paying one complete cycle of her studies in business administration.

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