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

My name is Portia and I am 21 years old. I am studying towards a Bachelor of Business Administration at The Maharishi Institute, and I am from a small township called Emzinoni in Bethal.

My father, who was the sole breadwinner in our family, passed away two years ago. I now live with my mother and sister and I am the first person in my family to attend University. My sister has completed her high school certificate. However she cannot pursue further studies due to financial constraints. My hobbies are writing, reciting poems and watching current affairs and talk shows.

I plan to graduate in 2014 and my dream is to obtain a PhD in Economics, to pay tuition fees for children who come from poor backgrounds and to build a shelter for orphans in my hometown. A Kiva loan will help to ensure my education continues uninterrupted, allowing me to achieve my goals.

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
  • 8.3
    South Africa Rand (ZAR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,100 helped Portia to pay for tuition fees and living expenses at the Maharishi Institute.
91% repaid
Repayment Term
65 months (Additional Information)
Repayment Schedule
Sep 22, 2012
Aug 26, 2012
Currency Exchange Loss: