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

My name is Prince. I'm 29 years old and I'm from Soweto. I am studying for a Bachelor in Business Administration at The Maharishi Institute in Johannesburg. I have a one-year-old son, and I work hard at school so that I can support him. I also have an older brother and one younger sister, both of whom live with my mother. In my spare time, I like to play soccer, box, listen to music, do drama and read books.

In the past, I used to play for a soccer team. Now, my dream is to own three of my own businesses, for instance supermarkets, and to learn to speak foreign languages. I'd also like to work with charitable organisations. Education is important to me because it helps me to interact with others and helps me become creative and develop my knowledge.

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 Prince to pay for tuition fees and living expenses at the Maharishi Institute.
37% repaid
Repayment Term
65 months (Additional Information)
Repayment Schedule
Sep 22, 2012
Aug 26, 2012
Currency Exchange Loss: