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

My name is Nicholus and I am 31 years old old. I am studying for my Bachelor of Business Administration through the Maharishi Institute. I am the first to attend university in my family and as the youngest I feel this is a great opportunity for me. My brother had to begin working immediately after high school. Originally, I am from Limpopo province. At the moment, no one is working in my family.

My hobbies are reading newspapers and magazines to stay updated on the latest news. After graduating, I dream of getting a master's degree, owning my own car and learning how to drive. Education is important to me as it equips us with all that is needed to make our dreams come true and teaches us how to lead life. I hope that new graduates like me will help to solve the problem of unemployment in South Africa.

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 $2,050 helped Nicholus to pay for tuition fees and living expenses at the Maharishi Institute.
37% repaid
Repayment Term
65 months (Additional Information)
Repayment Schedule
Sep 28, 2012
Aug 31, 2012
Currency Exchange Loss: