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

My name is Lerato. I am 23 years old and currently pursuing a Bachelor of Business Administration through Maharishi University of Management, facilitated by the Maharishi Institute. I was born in Tembisa as the youngest in the family. My parents are divorced and I live with my mother, who is the only breadwinner. My sister and I are both unemployed.

None of my siblings have basic matric (grade 12) schooling and I am the first to go to university. I cannot afford to pay the fees myself at the moment and for me and my family this presents a great struggle. Education is important for my individual success in life. Education is a foundation of society which can bring major development and progress. I have always been interested in logistics and hope to pursue a career relating to that.

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
  • $749,500
    Funds lent in using Kiva
  • 8.3
    South Africa Rand (ZAR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,100 helped Lerato to pay for education at the Maharishi Institute.
54% repaid
Repayment Term
59 months (Additional Information)
Repayment Schedule
Jul 28, 2012
Jul 17, 2012
Currency Exchange Loss: