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

My name is Nokuthula, I am 27 years old and I'm pursuing a Bachelor of Business Administration in Johannesburg. I live with my grandparents in a small township called Leandra, in the province of Mpumalanga. My mother is unemployed and does not live with us, so my grandparents have raised me on their pension fund. In my spare time, I like listening to music and volunteering at community halls, helping to organise youth activities.

My hope is to find a job that is going to help me utilise the skills that I have acquired in school; a job that is going to challenge me so that I can grow as a person. In the long run, I would like to contribute as much as possible to the growth of the Maharishi Institute. I want to open a Transcendental Meditation Centre in my community, and also run career orientation sessions. I believe getting a loan from Kiva will help me a lot with my tuition fees, as no one in my family can afford to help me with that.

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
  • 1
    View loans »
    South Africa Loans Fundraising
  • $535,700
    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 Nokuthula 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