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

Hello, I'm Dimakatso, from Daveyton in Johannesburg. I am 20 years old and I am pursuing a Bachelor of Business Administration at the Maharishi Institute.

I am the firstborn from the family of six. My father is the breadwinner in my family, and we are all in school. We also live with a cousin whose parents have passed away. My hobbies include reading and writing.

After graduation I hope to work in the Finance Department in a company, as finance is the field I am most interested in. Afterwards, I would like to own my own company, so that I can support my family. I think in these days we are living in, opportunity comes to those who are educated and there are no shortcuts to success. Education is the only doorway to ensuring a worthwhile living.

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
  • 1
    View loans »
    South Africa Loans Fundraising
  • $741,075
    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 Dimakatso to pay for tuition fees and living expenses at the Maharishi Institute.
30% repaid
Repayment Term
65 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Sep 28, 2012
Listed
Aug 31, 2012
Currency Exchange Loss:
Possible