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Brian
Brian is a Business Management Student of the Maharishi Institute. Brian is 20 years old and was asked the following questions by a staff member of the Institute:


What do you study at the Maharishi Institute and what classes do you enjoy most?
“I am studying Bachelor of Business Administration and the classes I enjoy the most are English, Leadership and Principles of Business Success.”

What are your goals after graduation?
“I would like to be employed in a very successful company and be placed in the HR department. I also would like to start my own business. I would like to work in Johannesburg City (South Africa, Gauteng).”


Tell us about your background?
“I was born in Limpopo (SA), I am the firstborn in the family with only one younger sister. My mother is a domestic worker and she is the one who puts the food on the table. She divorced my father when I was still young. I am not married and I don’t have any children.”

What do you do in your spare time?
“What I like doing in my spare time is producing music and I also hang out with friends.”

How will the Kiva Loan change your life?
“My life will be more successful, I won’t have to worry about being expelled from school because I would be owing. My lifestyle will change because I will now be able to cover all my expenses with the extra money I get from Kiva and it's all a good thing for my studies because I will be able to buy some things I need.”

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
  • 9
    View loans »
    South Africa Loans Fundraising
  • $614,675
    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 $2,050 helped Brian to pay for one year of tuition fees and living expenses at the Maharishi Institute.
16% repaid
Repayment Term
66 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 15, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
Possible