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

My name is Nievel and I am a 25 year old pursuing a Bachelor of Business Administration through Maharishi University of Management facilitated by The Maharishi Institute. I hope to graduate in 2013 and establish a business in my hometown. Education is an important part of achieving my entrepreneurial dreams and the Kiva loan will assist me greatly in doing this.

My hope is to uplift my community and play a part in building our country. I hope that there will come a time when all people will share equal resources. A Kiva loan allows me to complete my education and contribute to the growth of our nation. It is important to me to be able to financially support my family, and at the moment, my education is placing a strain on our finances. With the help of this loan, I will be able to help ease that strain.

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
  • $748,450
    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 Nievel to pay for one year of tuition and basic expenses at the Maharishi Institute.
54% repaid
Repayment Term
59 months (Additional Information)
Repayment Schedule
Jul 25, 2012
Jun 28, 2012
Currency Exchange Loss: