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Victoria
Victoria is applying for a loan to support her studies at the Maharishi Institute. This is her story:

My name is Victoria and I am a 26-year-old student studying towards a Bachelor of Business Administration through Maharishi University of Management facilitated by The Maharishi Institute. I hope to graduate in 2013. Both my parents are unemployed, which makes getting an education a difficult task. I am one in a family of seven, and my dream is to support my family financially.

My education at Maharishi Institute is an important part of my growth. In order to reach my dreams of supporting my family, I have realised that gaining knowledge is one step towards financial freedom. Working towards my goal has inspired me to aim for an MBA in the future, and the Kiva loan is essential in realising that goal. Without the loan from Kiva, my studies will be threatened as a result of my family circumstances, strained financial situation and lack of means to support myself.

Additional Information

More information about this loan

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.

Maharishi students repay their loans with work-study wages while attending school. However, due to the unpredictable nature of their work-study schedules, they may not be able to make regular repayments. In these instances, Maharishi Institute provides an advance that is deducted from students' future wages. This gives student borrowers more flexibility in meeting their loan repayment obligations while they are still in school.

Important Information

The Maharishi Education for Invincibility Trust (MEIT) extends educational opportunities to poor and historically excluded students in South Africa. By combining distance and computer learning with practical experience, the institute equips students with access to the skills and training they need to compete in tough job markets and build bright futures. Kiva funding will help students pay for tuition and other basic expenses so they can study and thrive.

Maharishi students take out loans for each year of tuition separately on Kiva. Each concurrent loan's repayment period begins after the previous load has been fully repaid.

About South Africa

  • $11,500
    Average annual income
  • 7
    View loans »
    South Africa Loans Fundraising
  • $616,550
    Funds lent in using Kiva
  • 8.4
    South Africa Rand (ZAR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,050 helped Victoria to pay for one year of tuition and basic expenses at the Maharishi Institute.
39% repaid
Repayment Term
59 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 25, 2012
Listed
Jun 28, 2012
Currency Exchange Loss:
Possible