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

My name is Paul and I am studying for my Bachelor of Business Administration at the Maharishi Institute in Johannesburg. I live with my parents and six of my sisters in Bertrams, east of Johannesburg. In my family there are currently two people at work, my brother and my father. My mother volunteers at a hospital.

Two of my siblings were able to attend university, but three others were not able to do so because of financial problems. My dream after graduating is to be a successful businessman; I would like to establish my own profitable recycling company, a clothing company, or produce solar panels. I want to do something that will make my family and the Maharishi Institute proud.

In my spare time I enjoy reading, watching TV, and skateboarding with my friends. I look forward to receiving the support of this Kiva loan because it will help me achieve my educational goals, and equip me with what I need to make my dreams come true.

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
  • 8.4
    South Africa Rand (ZAR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,075 helped Paul to pay for tuition fees and living expenses at the Maharishi Institute.
37% repaid
Repayment Term
65 months (Additional Information)
Repayment Schedule
Sep 27, 2012
Aug 30, 2012
Currency Exchange Loss: