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

My name is Mamello, I am 21 years old and I am studying towards my Bachelor of Business Administration. My family consists of six members, including my daughter who is one year old. We live in Molapo, Soweto, and my mother is the only breadwinner in the family. I also live with my two cousins and my grandmother.

Through getting a Kiva loan, I hope to realize my dreams of running my own business. I have a passion for marketing and communications, and I would love to open up my own public relations or consulting firm after graduation. I enjoy public speaking and reading motivational books and novels, and I also love exploring and traveling. I wish to be a role model for young girls, and give them an opportunity to liberate themselves and unleash their full potential.

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
  • 0
    View loans »
    South Africa Loans Fundraising
  • $525,725
    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 Mamello to pay for tuition fees and living expenses at the Maharishi Institute.
91% repaid
Repayment Term
65 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Sep 22, 2012
Listed
Aug 26, 2012
Currency Exchange Loss:
Possible