View from my window at BancoFie

Just outside of my office at BancoFie is a poster that caught my eye on my first day of work as a Vittana Fellow. It says:“La Paz no es un obyecto encontrado por casualidad. Es el producto de la igualidad entre los hombres.” – -“Peace is not an object found by chance. It is the result of equality between men.”

I can’t help but read it nearly every time I come to work, as a reminder of what Vittana and BancoFie are all about and the reason I’m here in La Paz. Access to credit for young people is a small but vital step towards improving equality and peace around the world.  I have always thought access to quality education is among the most profound inequalities, as education is key to breaking the cycle of poverty, to meaningful wages, to improving quality of life and uplifting individuals and communities alike.  It cannot be an option only for the privileged, the wealthy or geographically advantaged – a quality education must be accessible for us all.  Thanks to the collaboration of Vittana with partners like BancoFie, more and more young people are grasping an opportunity to further their education and brighten their future! I’m proud to be partnering with an organization with such a focus on improving lives and offering hope to their fellow citizens.

Passing Plaza San Pedro on the way to work.

On my first day I made the 20 minute uphill trek to the BancoFie headquarters in San Pedro and although still out of breath from altitude sickness, I settled right in to a discussion on the current success of the student loan program and the desire to expand the program outside of the city. There was a specific interest in reaching more rural areas where there are even less opportunities for higher education. I got a strong sense of social responsibility from my colleagues at BancoFie and I was happy to hear that they were thinking “outside the box” – or in this case outside of the city centers.

I took a good look at the BancoFie manual and was instantly drawn to their slogans “Un banco para la mayoría” and “ Llegamos donde nos necesitan”  – “A bank for all” and “We go where we are needed”. I can relate to this as a social worker interested in addressing marginalized populations – those most ignored and left behind in society.  So I figure that is why I’m here: to reach those for whom Vittana and access to educational loans is most desperately needed, where others might not venture, where a true difference can be made. So here I am, taking a path less traveled, just like Vittana and BancoFie; “donde me necesitan”.

Outside of BancoFie Headquarters

A Little Bit of History:

BancoFie is a bank with a very interesting history that only proves further that big things start small.  Starting with five inspired and motivated women over twenty-five years ago, a small NGO was created in La Paz that eventually became the largest microfinance institution in Bolivia. What’s even better is that BancoFie has held steadfast to their mission and focus of dedicating their work to those who otherwise have no other avenue to access credit. Dedicated to reaching the most marginalized populations, slowly but surely they went “From one computer to the biggest microfinance bank in Bolivia”.

Settling In 

Lake Titicaca from Cobacabana

Of course my first week in Bolivia hasn’t been all work and no play. It has included some adjustment to the altitude and culture, some exploring at Lake Titicaca and taking in the hustle and bustle of La Paz.  Although navigating around the intense traffic is quite scary (even for a New Yorker!), I’ve managed to encounter great people, charming cafes, beautiful plazas and parks and even a yoga studio!

I am truly enjoying this extremely diverse city in many ways; a place where the temperature and climate changes both by the minute and by the zone of the city you happen to be in. A popular local saying is “Las cuatro estaciones en un solo día” — All of the seasons in one day.  In just my first week here, I believe it!  La Paz is definitely a place with much to discover and will keep you on your toes. Of course the view of snow capped mountains peeking through high rises above scattered homes climbing the hillside; well that isn’t too bad either. Check it out!

La Paz Skyline

                                           “What happens to Africa matters to the world.” – Patrick Awuah

"Education is the Key to Development"

As a fellow in Ghana doing market research on the potential for an education loan I, along with my co-fellow Megan, have had the chance to meet some incredible people here. One of those we’ve met has been Patrick Awuah, the founder of Ashesi University. Ashesi University is a school in Ghana that is famous for its liberal arts curriculum and students’ dedication to remain in Ghana and serve their country. Many of the students there are becoming the next leaders in government, business and technology. In a lecture Mr. Awuah gave as part of the TED talk series, he outlines what he found are the three key issues that limit the growth of many sectors in Ghana: corruption, weak institutions, and the people who run them. He advocates that it is not until we properly educate our youth, who are the leaders of tomorrow, that we will see a positive change in Ghana’s institutions and leaders that are honest and transparent. He claims that a typical student now has a stronger sense of entitlement than responsibility. This can be true anywhere there is a small percentage of people being given the privilege to participate in something everybody wants, in this case the opportunity to go to college. Only 9% of those 18 and older in Ghana are enrolled in tertiary education but the numbers of enrollment are skyrocketing. Larger and larger portions of each generation are seeking to go to college, but not all of them can attend due to the cost of education.

I’ve lived in Ghana for 10 months – 6 months as a volunteer and 4 of those months as a fellow at Vittana devoted to its efforts to introduce student loans into the products offered by Vittana’s partner, Opportunity International Savings and Loans Ltd. In my brief time as a resident of Ghana, I have been graced by the unconditional friendliness and helpfulness of Ghanaians. It seems that in whatever you are doing here, you will always have a helping hand. In a meeting I had with the head of the Student Financial Aid Office at the University of Ghana- Legon, she adequately summarized how helpfulness is such a poignant part of the culture. She explained “we are all in this struggle together” and all need help at some point in our lives, so why not lend help to someone who needs it? Ghanaian by birth but having lived in the US for a large portion of her life, she amusedly compared a potential scenario between an American and Ghanaian: you visit your friend and find she has not yet finished washing her clothes, so you sit and wait patiently, chatting with her while she finishes. In Ghana, you don’t sit and chat but jump right in, get your hands wet, and help her finish.

Students during break

In our focus group sessions with tertiary students they also echoed the sentiment of lending a helping hand. When asked if what they do if they cannot pay for school, one of their first responses was that they find the money from family or friends. Here in Ghana you can call someone a brother or sister even though they are not related: and the likelihood that your “brother” or “sister” will be willing to help you out with paying your school fees, whether expecting to be paid back or not, is just as strong as if it were family. But sometimes the main family business hits a low point. Or times are unusually tough and it seems like everyone needs help from a friend. This is where Vittana comes in: to also lend a helping hand.

Students cannot take their exams unless they pay their fees

Vittana can be another form of support in Ghana to help send to school the vast population of students whose friends or family don’t have the financial means to help them through. When a student has no other options he/she can visit a branch at Vittana’s partner Opportunity International and take out a loan to pay for school fees, hostel fees and/or whatever else is difficult to pay for related to school. Thousands of students are enrolling in university in Ghana at an exponential rate but a large percentage will either drop out or not even attend because they will not be able to afford it. This percentage of students, who are doing their best to help out their friends or help out their family when in need, could be the future leaders of Ghana who wish to help out their nation as well. A number of of our student survey responses at the Ghana Institute of Journalism, when asked why you are pursuing your studies, responded “to serve my nation”, “to improve the quality of our media”, or “to bring transparency and accountability to our leaders”. It is this sentiment that drives Vittana, to empower young people to live their life in the way they imagined and to open up the potential of an entire generation of young people.

“Rainy season” in the Philippines is no joke. For about seven months a year, the Philippines is riddled with perpetual downpours and frequent typhoons.

The flooded street outside my home in Cabanatuan

Since I have been in the Philippines there have been nearly twenty typhoons, most of them consisting of very heavy rains and mild flooding. My street is especially prone to floods – it is a commonplace for me to wade at least ankle deep to cross the street.  Thus, living in the Philippines makes you quite accustomed to the type of weather that would be newsworthy in the United States. Usually, impending typhoons are rarely even talked about in the Philippines.  It’s like this: “Hey did you hear another typhoon is coming through?” “(Apathetically) Oh yeah, I heard…” and then people go on with their lives as if nothing is different.

However, the last few days of September marked an exception to this rule. On September 27th, 2011, Typhoon Pedring (or Nesat by its international name) swept across the island of Luzon, devastating nearly 3 million people. Just three days later, before affected residents could recover, Typhoon Quiel (Nalgae, internationally), battered the same locations.

The ASKI "Help" van being loaded up with supplies

Due to intense flooding and winds, an estimated sixty people were killed by the typhoons and hundreds of thousands were displaced. In Cabanatuan, where I live, the streets were waist deep in water and we were without electricity or running water for nearly 40 hours. In the surrounding towns and provinces, many people remained trapped on the roof of their house for days. Typhoon Pedring, the larger of the two, caused an estimated $200 million in damage to agriculture and infrastructure (with agriculture bearing the majority of the cost), rendering it one of the costliest typhoons in Philippine history. (Click here for a breakdown of the damages inflicted by Typhoon Pedring and here for Typhoon Quiel.)

Over 12,000 ASKI clients were affected by the flood, in turn distressing ASKI’s outstanding loan portfolio to the tune of 192 million pesos (about $450,000). Largely dependent on agriculture, ASKI clients were some of the hardest hit.

Community members line up to receive their relief supplies

ASKI was quick to respond, by linking with donors to restructure loans or to provide provisional funds to accommodate affected clients. In addition, ASKI heightened its fundraising activities to aid in typhoon relief efforts. As part of these efforts, ASKI staff travelled around to affected areas (those whose flooding had subsided enough to get to) distributing staple food items and water. I was fortunate enough to tag along on one of these expeditions.Through a conversation with ASKI staff, I learned that these relief efforts were not exclusive and aimed to help entire communities – not just ASKI cients. On the drive to the community, we passed many people wading through waist deep water just outside their homes; a week after the storm, many people were still waiting for their neighborhoods to dry up. When we arrived at the community, nearly 450 people were lined up to receive emergency supplies from ASKI. We also had a nurse on hand to provide medical assistance where needed.

A little girl, hands filled with relief supplies, happily walks towards her mother

An ASKI employee pulled aside a woman who had just received her emergency package and asked her to say something about ASKI’s relief efforts. The woman could only get out “Thank you so so much” (in Tagalog) before her face became flooded with tears of gratitude.

This typhoon relief effort is just one of the many ways in which ASKI stands out above other microfinance institutions. In fact, ASKI was awarded the Most Outstanding Non-Government Organization (NGO) during the 6th Annual SIPAG Awards sponsored by the National Livelihood Development Corporation (NLDC)

I am proud to be a part of such a philanthropic organization!

The other day, I came across a what seemed like a strange clause in the policy for ASKI and Vittana’s pilot Loan for Educational Development Program (LEAP): Only third and fourth year students would qualify for a loan. I found myself wondering, what kind of impact are we making when the person has already made a commitment to go to college and already found a way to pay for it? Why loan them money to do what they already planned on doing?

After travelling to rural areas across Central Luzon and meeting with many potential borrowers, I found the answer. In providing loans to students through ASKI, Vittana is opening two doors simultaneously, one for the student and one for the parents. Let me explain. In contrast to many other countries around the world, higher education is not something that is only available to those fortunate enough to have wealthy parents, to receive a scholarship or to qualify for a loan. Even among the poorest households in the Philippines, higher education is a family effort, where many parents are determined to make sure their child goes to college and are willing to pay for it, regardless of their financial ability. Thus, it’s not a question of: “Will my son/daughter go to college?” Rather, it is a question of: “How much am I going to have to sacrifice to give my child the opportunity for a better life?” By offering loans to students who are already in school, Vittana is bringing their families out of a cycle of debt and poverty, providing opportunity for the student by keeping them in school long enough to graduate and providing opportunity to the parents by freeing up money for them to invest in their small businesses. Let me give you some examples.

Rice farmers hard at work in Central Luzon

Lourdes Andres is a rice farmer from a little province called Bongobon  in Central Luzon. Aside from rice, Lourdes earns a living by raising pigs and selling clothing and homemade rice cakes. Anna is Lourdes’ youngest daughter, who Lourdes boasts is a 3^rd year marketing student at the Nueva Ecija University of Science and Technology. No one in Anna’s family has ever gone to college, and Lourdes wants nothing more than to see her daughter graduate college. Because rice harvesting only provides seasonal income and Lourdes’ other entrepreneurial activities only make enough money for living expenses, Lourdes is in a perpetual cycle of borrowing from her neighbors in order to afford her daughter’s school: She borrows money, then pays her neighbors back after the rice harvest and gives them cavans (or sacks) of rice as interest payments. The interest payments take away potential profits she could obtain from her rice harvests, resulting in a need to borrow from them yet again. In fact, for every 1,000 pesos (about $20) she borrows, the interest is one cavan of rice worth nearly 1,000 pesos, meaning that her borrowing interest rate is 100%. No wonder she has trouble scraping by!

Lourdes’ biggest worry is that she will not be able to afford to keep her daughter in school. Over homemade rice cakes kindly provided by Lourdes, we presented the new student loan product that is now available to Anna through Vittana and ASKI. We explained to her that we could lend Anna up to 20,000 pesos per semester at a low 4% interest rate (that definitely beats 100%!), and told her that this money comes from generous individual lenders far away in the United States. We then asked her if she and her daughter would be interested in applying. While I did not understand the words of Lourdes’ response (I was speaking through a translator), her moving display of tears and smiles said enough. Yes, she would love to apply for this loan.

Maria, excitedly telling me about her daughter

Many poor families in Central and Northern Luzon are rice farmers, and this business of using sacks of rice as interest payments is quite common. Maria Concepcion Magpali is a single mother with seven children. Twenty-two year old Cheryl is the youngest, and her father died from rabies when she was just 10 months old. Cheryl attended two years of vocational school for computer programming, funded by her mother. To pay for school, Maria, like Lourdes, borrowed from friends and neighbors and paid them back with an interest of one cavan of rice per 1,000 pesos borrowed. Maria struggled a lot during Cheryl’s education, and she knows that she cannot afford to do this again. She laments that Cheryl will not be able to continue her education if she does not receive a loan.

Because ASKI is in the beginning stages of implementing an educational loan program with the help of Vittana, part of my job is assisting in marketing and getting the word out about ASKI’s newest loan product. I spend lots of time in a tricycle crisscrossing fields of rice in the sweltering heat to attend ASKI community meetings held in little huts in rural areas.

ASKI Puangi Community Center

At the community meetings (each comprised of about 20 people), I introduce myself and Vittana and present the educational loan product to interested mothers. They are all very excited to meet me (At most centers I am the first foreigner to ever attend their community meetings) and many are interested in applying their son or daughter for an educational loan. Like Maria and Cheryl, countless families become overburdened by a cycle of debt, resulting in many students dropping out after their first or second year of college. Providing loans to 3^rd and 4^th year students relieves the financial burden of the students’ families, allowing them not only to invest more in their family businesses, but also allowing their children to continue college, obtain a degree, and substantially increase their income and create a better life for themselves and their families.

*Anna Lourdes was fully funded as of September 2011. Click here to view her profile.

We’re floored on a daily basis by students who have struggled against all odds to finish their education, lenders who time and again come back to change yet another person’s life, and Fellows who dedicate a portion of their own lives to bringing microloans to more students in developing countries. It’s the students, the lenders, our partners, and our Fellows that compel us to do what we do. But at the end of the day, it’s our supporters and donors that make it all possible.

So we are thrilled to announce that Vittana’s efforts received a big boost today! Google.org announced that it will support Vittana to build 24 additional student loan programs by 2013.  This support is perfectly timed at the end of an insane year of growth. We doubled our field partners from 10 to 20 microfinance institutions over the course of 2011 – that puts us in 12 different countries on 4 continents. Whew.  And after taking a little more than two years to reach our 1,000^th student, we’re on track to pass 2,000 students in December, less than six months later.

On stage at TEDx Brussels in November, Vittana CEO and co-founder Kushal Chakrabarti asked “What’s the one thing that can truly change the course of someone’s life? Education.” We’re thinking big. We’re out there to start a global market for education microfinance – one that will reach 1 million students by 2015. Because at the end of the day, we believe student microloans are the most scalable, sustainable, and impactful tool we have to fight global poverty.

So thank you to Google and to our many other donors and supporters for helping us change the conversation about global education.

Ernie, Tri, and Fitra were the first Vittana students I met in Indonesia. I remember walking into Ernie’s home, into her family’s modest, dimly lit living room and being greeted by her mother and aunt who carried trays of cookies and iced drinks to the table. We sat and exchanged greetings along with my Indonesian co-workers and it was not long before Ernie’s mother began sifting through her dresser for samples of her hand-made batiks. She brought the textiles back into the living room and spread them out over the floor and wrapped one around her waist to model it for us. I noticed the pride in her eyes as she ran her fingers over the intricate ink patterns of birds and flowers, a motif she had worked on for weeks.

Ernie’s family has been making batik clothing for generations and when Ernie decided to pursue accounting instead, the family was faced with financial hardship. In order to pay her tuition fees Ernie took on a full-time job but the income was still not enough to cover all of the costs. When she found out about the Vittana loan she was relieved to know she would still have  the opportunity to obtain her degree.

As I spoke with their family I wondered if Ernie’s mother was disappointed that Ernie would not be carrying on the family’s batik trade. In a country like Indonesia with so many rich cultural traditions, I thought her decision to pursue an alternative path might be distressing and maybe even rebellious. Yet later on, while Ernie and I sat outside and I listened to her reflect on this unique opportunity to continue her schooling, I caught a glimpse of her mother gazing at Ernie with deep smiling eyes, glowing with pride. At that moment I was touched by the power of providing someone the chance to become the first member in their family to obtain a college degree.

This film follows Ernie and two other students who are equally committed to completing their higher education with the assistance of Vittana loans. To learn more about their story, check out the film!

As I sit here on the day before Thanksgiving, what comes to mind is the over 250 students on Vittana right now who are poised to transform their lives by continuing their education. Whether it’s Omar Ahmad‘s desire to become a civil engineer in Jordan or Lidia Severina Aban‘s goal to drive economic development in Bolivia, each one of our students has a dream. And that dream will not only change their lives, but the futures of their children and their grandchildren.

As many of you know, the past two weeks have been a rollercoaster ride as we swelled to the top 3 of Chase Community Giving – a crowd-sourced philanthropy program that allows users to vote for local charities to help them win up to $250,000 in grants. On the last day of the competition, however, we were devastated to find out from Chase that over 8,000 of our votes were considered ineligible due to technicalities in voting that they are unable to disclose to us for proprietary reasons. We have been in ongoing communication with Chase to discover why these votes have been called into question since Vittana would never engage in auto voting, robo voting, or any other means to create fraudulent votes. We were thrilled to see that our international community turned out in full force to support us and are deeply saddened by the disappointing results of this competition.

What I’m most thankful for today though is our phenomenal Vittana community of supporters and lenders. Whether you voted for us in the Chase Community Giving challenge or have lent directly to our students, you have personally made a difference in someone’s life. And for that every one of you counts.

When I see my 93 year old grandmother tomorrow, who is still full of as much gumption and drive as I can imagine she was seventy years ago, I’m going to thank her. She was the one who set the direction for my family when she graduated from college and gave each and every one of her children, grandchildren, and great grandchildren the chance for a better life. With your support, every one of Vittana’s students can turn to their grandchildren one day and ask, “What do you want to be when you grow up?”

As a Vittana Fellow I find myself often comparing my educational experience  and my life in the United States to what I see on the ground here in the Philippines. Although the Philippines is a far cry from Washington State there are still many similarities between my life there and what I see here. While growing up there were just four of us…my mother, father, older brother and me. We have a small family but what we lack in size we make up for in love. I couldn’t imagine a more loving, caring and supportive place to grow up. Having such a strong support structure allowed me to accomplish many things in my life that would have been very difficult otherwise.

Graduating from college is a good example of this. I started college at a private school in Miami, Florida because I was given the opportunity to play college soccer there. After my sophomore year I transferred to play soccer at a more competitive program and receive a more challenging education. However, things didn’t work out the way I had hoped. I was not the star of the team or even a starter in my first year playing soccer there. Classes were much more difficult than I had anticipated and I couldn’t find any courses I was interested in.

Red square over looking Mt Rainier from the University of Washington campus in Seattle, WA.

Yet after a lot of soul searching and with the support of my family things got better. I gave my best effort both on the field and in the classroom. In my senior year I played a supporting role on the field, earning my minutes and helping the team on to playoffs. We lost in the second round to the defending national champions but at the end of the season I had no regrets about my effort or my contribution to the team.

In the classroom Political Science became my passion. I recaptured the joy of learning that I had been missing and successfully graduated with a Bachelor of Arts from the University of Washington.

I have learned that with a supportive family and access to education many things are possible. Here in the Philippines “family” is one of the most important pillars of society. If you read some of the student profiles on the website it’s really apparent how many students just want to earn enough money to help their families and improve the quality of life for them. Supportive families are the norm here. In fact big supportive families are the norm, however, access to education is not the norm. Education is expensive and sending children to college is extremely difficult.  

The Commission on Higher Education (CHED) in the Philippines reported on the dropout rate in 2008; of 100 students that start school in 1st grade only 14 will graduate from college. Only 14 out of 100!

This is where Vittana comes in. What we’ve done here in the Philippines is offer financial assistance that gives families an opportunity to send their children to school and to help them graduate. Isamae Duhaylongsud’s story is a good example of what we do all over the world.

Isamae shaking hands with Maricel, Account Superviser of PMPC, during her loan disbursement in the branch office in Calamba, Misamis Occidental.

Isamae is the youngest of five siblings and is now 26 years old. She is studying information technology at Mindanao University of Science and Technology and is the first one in her family to have the opportunity to graduate from college. With this loan she plans to become a computer designer.  She says that without an education she would most likely already have children and probably be without a job.

When Isamae graduated from high school she moved to Cebu to work and earn money to help her family. She worked in several different jobs–as a hotel worker and a chamber maid. However, things are very difficult for a hotel worker in Cebu. The pay was very small and her boss was difficult to work for, constantly scolding the employees, often for no reason at all. She realized that the only way to a better life was through education. So she decided to return home and enroll in school.

Isamae is very excited to be studying now, on her way to becoming a young professional so she doesn’t have to deal with awful bosses and poor wages.

After talking to Isamae I realized how similar we are. We both aspire to have a better life and wish to find success in our future. We both hope to take care of our families and make the most of our talents. The only real difference between us is opportunity, but even now she’s well on her way to expanding those as well…thanks to her loan.

Help remove the differences between us by donating to Isamae and students like her!

[youtube]http://www.youtube.com/watch?v=qJEedBHYP3g[/youtube]

I must admit I knew very little about the Philippines before I arrived. What I did know was that it’s an archipelago in South East Asia and the only Christian nation in Asia. I knew basically nothing about what the people, politics, economy or food was like. It was a big surprise to me that there were travel warnings for the Philippines, specifically the island of Mindanao where I’d be stationed, due to kidnappings, terrorism and political corruption. I was plainly told by Vittana about the risks prior to my departure and was even given the opportunity to change my host country to one without travel warnings. However, I decided to pursue my fellowship in the Philippines.

The Philippines is a nation in turmoil. There are a lot of problems with political corruption as it is widely known that in most important elections the votes are paid for by the politician with the most money. If money doesn’t work then fear and violence are used to ensure power. Less than two years ago the Maguindanao massacre occurred where more than 50 people were murdered with small arms. They were delivering the nomination of a candidate who would oppose the governorship of the reigning family in the province of Maguindanao. 22 journalist were murdered and it became the single deadliest day for journalists in history. Even before this event the Philippines was the second deadliest place for journalists. Second only to Iraq.

Aside from political violence there is violence from extreme terrorism. In the south of the Philippines Abu Sayyaf is a serious threat. They are Islamic extremists who are responsible for bombings, kidnappings, mass killings and are said to have links to Al Qaeda. Abu Sayyaf are often connected to lawless pirates throughout the Sulu Sea making travel throughout the region extremely hazardous. Currently the group has kidnapped several people which are being held for ransom.

Philippine soldiers across the street from the Paglaum branch in Tudela

Another Islamic group that is fighting the government is the Moro Islamic Liberation Front. Possibly seen as a more legitimate group, they are fighting for self determination and the ability to govern themselves in Islamic regions of Mindanao.

There is also the New Peoples Army (NPA) which is the military arm of the Communist Party of the Philippines. Residing mostly in the jungles of remote areas throughout the Philippines the NPA has been fighting the government since 1969. The fight wages on and it is not uncommon to see Philippine soldiers in the streets armed and ready for action.

Researchers, like Patricio Justino of the Institute of Development Studies at the University of Sussex, have found that violence often exacerbates existing problems in impoverished societies. Lack of health, nutrition and education are serious side effects of widespread violence. Support from the state diminishes as more efforts are focused on military activities. Especially in places where corruption runs rampant, like here in the Philippines, very little money is invested in education. The lack of investment in human capital has long term affects for the country and seriously impairs the ability to improve the economy or combat poverty.

This is what makes Vittana’s work so important. Vittana works to combat this lack of investment in human capital. Vittana’s mission statement makes it clear that “we believe the biggest waste in the world is not oil or food or, really, any other material thing–but rather, human potential.” Vittana enables lenders to invest in students who are willing to overcome poverty, violence and any other hindrance placed in their way in order to succeed.

Average Filipino home in rural MIndanao

Cresti Luna Caliguid is a wonderful example of a student that is willing to overcome challenges in order to pursue education and make a better life for herself and her family.

Cresti Luna Caliguid’s mother passed away when she was only two years old. She is one of five children and is the second youngest. Her father is a public school teacher in Ozamiz City. As a single parent, he has somehow managed to send almost all of his children to college even on a meager teachers salary of 15,000 Philippine pesos per month($350 US dollars). Making ends meet has always been a challenge. Aware of her families financial difficulties Cresti Luna has always studied hard. Due to her hard work she received a partial scholarship at La Salle University and was also given a job at the school to help pay for her schooling. Although extremely helpful this financial assistance only covered about half of her expenses.

Sometimes Cresti doesn’t have enough money to pay for school projects, books or field trips like the CPA convention last year in Cagayan De Oro. The convention would have been a perfect opportunity to network and make vital connections that would help her land a job after graduating. However, the trip cost was well out of her price range and she had to pass up a golden opportunity.

This is a tragic and all too common story among students that I have met here in the Philippines. They scrape by with what little money available to them and are often unable to take full advantage of educational opportunities offered. For Cresti money has not prevented her from excelling in the classroom or taking part in extra curricular activities as the Chairman of the student government. This loan from Vittana is a blessing that will help her finish her Accountancy course and prepare for a successful future in business.

If you’re like us and believe in human potential then we invite you to be a part of our movement to combat poverty. Lend to one of our students here and invest in the human potential of students like Cresti Luna.

[youtube]http://www.youtube.com/watch?v=ZcG2bdeWg_4[/youtube]