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

My name is Hopewell, I'm 22 and I am studying for a Bachelor of Business Administration in Johannesburg. I am the first in my family to attend university. I live with my parents, my three siblings and my extended family; my mother took in her sister's children and raised them as her own. In my spare time I like to DJ, watch movies, play soccer and video games.

After graduation, I'd like to obtain an MBA and also a BSc degree in Biotechnology. Then, I hope to get a good job and take care of my family. I hope also to motivate young people about education and help them further their studies. Education is important to me because it teaches me about life and gives me knowledge. It is also important because it is a pathway to fulfilling the dreams of my future and life.

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
  • $534,375
    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 Hopewell to pay for tuition fees and living expenses at the Maharishi Institute.
23% repaid
Repayment Term
65 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Sep 27, 2012
Listed
Aug 30, 2012
Currency Exchange Loss:
Possible