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

My name is Kgotso, I am 24 years old and I am from Munsieville in Mogale City. Where I come from is a township where very few people love school and want to achieve in life. Currently, I'm studying for a Bachelor of Business Administration at the Maharishi Institute.

I am the first in my family to go to university. My education at Maharishi Institute is my chance to make a difference to my family and act as an example for the young people in my community. Young people are facing many challenges now and after my mother passed away, I realise the importance of a role model. I am currently living with my guardians. They are responsible for eight people, only one of whom is working.

My hobbies are playing soccer, listening to the radio and reading books and newspapers. I would like to be involved in real estate when I graduate in 2014. My long-term goal is to work for or manage a big company, and to live a healthy life. I'd also like to have a big family, a house, and the car of my dreams.

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
  • $538,425
    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 Kgotso 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