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

My name is Solomon and I am studying towards a Bachelor of Business Administration through Maharishi University of Management facilitated by The Maharishi Institute. I am the first in my family to attend university and my goals after graduation are clear and focused on allowing me to be financially independent and support my family. My intentions are to gain work experience and eventually open up an agricultural business to supply local and national markets. In the future I hope to encourage young people who are addicted to drugs or are victims of peer pressure to pursue their dreams and reach their goals.

The Kiva loan is important to me because coming to school is a challenge and focusing on my studies is difficult when I have financial worries in my mind.

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

  • $12,700
    Average annual income
  • 0
    View loans »
    South Africa Loans Fundraising
  • $738,025
    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 Solomon to pay for one year of tuition and basic expenses at the Maharishi Institute.
44% repaid
Repayment Term
59 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 25, 2012
Listed
Jun 28, 2012
Currency Exchange Loss:
Possible