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

I'm Simon, I'm 22 years old and I'm studying for a Bachelor of Business Administration at the Maharishi Institute. I am the fifth in a family of eight and I was raised by a single parent, my mother. As two of my siblings are also studying, we survive off of my mother's wages as a domestic worker and my sister's part-time salary as a waitress. I enjoy dance, drama, music and playing instruments.

I want to be a well-developed human being who will have an impact in the business industry. Initially I'd like to work for probably three years at a well-established company like Anglo-American, and then I'd like to open my own businesses. My long term goals are to start a music school, and also start a transport business for long-distance trips. Finally I plan to buy shares from well-developed companies and go into business franchise. Education is important because it is the most valuable treasure, and I believe will open closed doors for me. It is a gift that no one can take away from me.

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
  • 8
    View loans »
    South Africa Loans Fundraising
  • $614,675
    Funds lent in using Kiva
  • 8.2
    South Africa Rand (ZAR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,725 helped Simon to pay for one year tuition fees at the Maharishi Institute.
30% repaid
Repayment Term
55 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Oct 6, 2012
Listed
Sep 15, 2012
Currency Exchange Loss:
Possible