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Brice
Brice is a student on the Maharishi Institute in Johannesburg. He is applying for a loan to pay for his last semester of tuition fees and living expenses. Brice is 27 years old and was asked the following questions by a member of the Institute:

What do you plan to do after graduation?
“Going out to the work place and getting as much knowledge as I can. When it comes to running our own business and giving back to my community by building a center for homeless kids and putting them in school.”

List 3 long-term goals:
“Open my own company, open a music school in my community, put one kid in school and become a mentor.”

Why is education important to you?
"Education is knowledge gained because it develops us a perspective of looking at life and having a point of view of life. Also it will help me to have more contacts for my business.”

Why are you applying for the Kiva Loan?
“It will help me finish my studies and also to pay for my accommodation so I can stay closer to the Institute.”

What are you hobbies?
“My hobbies are playing soccer, singing and watching movies.”

Where are you from?
“I was born Mtubotuba (KZN) family of four, sister, brother and my mother. My father passed on a few years ago and my mother is the breadwinner of the family.”

Are you the first family member to attend University? Do you have any other siblings in school?
“Yes I am the first on in my family to attend university. No siblings that go to school.”

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
  • 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 Brice to pay for one semester of tuition fees and living expenses at the Maharishi Institute.
46% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 15, 2013
Listed
Apr 25, 2013
Currency Exchange Loss:
Possible