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Mphithizeli
My name is Mphithizeli. I'm 22 years old and I'm from Rustenburg in North West Province. I am studying for a Bachelor of Business Administration at the Maharishi Institute.

I am from a disadvantaged small village in terms of education, and a family which is not financially stable. I am the first to attend university because our family was unable put us all in school at once. I was raised by my grandparents, who also paid my school fees. They have also been providing me with anything I needed until l completed my high school certificate. In my spare time, I enjoy playing soccer, volleyball and reading spiritual and motivational books.

My hopes after graduation are to get a good job, to eventually start my own business in my village, and to help transform South Africa through various community projects. My dream is to see a beautiful South Africa with no crime.

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
  • $580,475
    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 Mphithizeli 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 28, 2012
Listed
Aug 31, 2012
Currency Exchange Loss:
Possible