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

My name is Vusimuzi (Vusi) and I am 23 years old. I am pursuing a Bachelor of Business Administration at the Maharishi Institute right now. I am from Tembisa, and I'm the first in my family to attend university. My father passed away in May 2010 and no one is at work in our family; my mother is the one who supports the family with state unemployment benefits. In my spare time, I like to read books and play soccer.

After graduation I plan to study further and obtain an MBA, and get a good starting salary in my dream career. Eventually I'd like to have my own consulting business. I want to make sure I can live a better life with my family. Education, for me, is the key to success; it makes me succeed in our ever-changing world. Through my education here, I learn new things and develop new skills, which I enjoy very much.

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
  • $748,975
    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 Vusi 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: