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Sibusiso
Sibusiso is a student at the Maharishi Institute in Johannesburg. He is applying for a loan to pay for his last semester of tuition fees and living expenses. Sibusiso is 31 years old. H was asked the following questions by a member of the Institute:

What do you plan to do after graduation?
“My dream is to be the best marketing executive in the world. My hope is to be able to pass what I have learnt to other people, because it is important to me that I share what I have learnt at Maharishi.”

List 3 long-term goals:
"1. Have my own marketing school.
2. Work with various organizations that will help liberate the youth of Africa as a whole.
3. Educate the youth of Africa."

Why is education important to you?
“Education is important to me because it helps in different ways. The biggest part of education is the youth -- to liberate the minds and free them from the chains. And now it helps us to achieve the economic freedom that we need as Africans.”

Why are you applying for the Kiva loan?
“It will help me achieve my goals without having to worry about my financial situation and focus on my studies. Finances are the benefit for me, so the Kiva loan will help me to achieve goals. Then I will be able to give back to my community, my country and my continent. It's important to pass it to my continent at large.”

What are you hobbies?
“Playing soccer, going out with friends, creating networks. Most of the time I love reading leadership books to broaden my thinking.”

Where are you from?
“I’m from Soweto, born and raised there. I’m the fourth born of a family of six children. I have four sisters and a brother. My family is not privileged but is not doing bad at all. My father believes in education but I could not further my studies because he lost his job. Since then I made sure that I attend to achieve my dreams.”

Are you the first family member to attend University? Do you have any other siblings in school?
“Yes I am the first in my family and no one else has gone to tertiary due to financial constraint. There is only one who is doing grade 4. The others are currently employed in different organizations."

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
  • 3
    View loans »
    South Africa Loans Fundraising
  • $700,425
    Funds lent in using Kiva
  • 9.2
    South Africa Rand (ZAR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,050 helped Sibusiso to pay for one semester of tuition fees and living expenses at the Maharishi Institute.
60% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 15, 2013
Listed
Apr 25, 2013
Currency Exchange Loss:
Possible