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Ntombifuthi
Ntombifuthi is a Business Management Student of the Maharishi Institute. Ntombifuthi 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 Business Administration (BBA). The classes that I enjoyed most was Business Fundamentals, Sustainable Living, and Nutrition and Digestion courses.”


What are your goals after graduation?
“After graduation I hope to work in the Finance Department as a Financial Advisor. I would love to work in Centurion or Midrand. I would love to travel but the cost is too much, so I would love to have a place that is near to where I work.”


Tell us about your background?
“I was born in a township called Orange Farm. I am the third in a family of four. I am also living with both my parents and two nephews and a niece. My mother is the breadwinner in the family and my father is retired. I am still single and don’t have any children, but I am currently 12 weeks pregnant.”


What do you do in your spare time?
“In my spare time I like to stay at home with my sister or my friends, read motivational books, and watch movies. I also like to do shopping sometimes.”


How will the Kiva Loan change your life?
“If I get this Kiva Loan my life will change a lot, because my mother is getting a little and she has to support the whole family. There will be a lot of changes because my mother will have to take care of others. And this loan will help me finance my studies and also give me money for transport.”

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

  • $12,700
    Average annual income
  • 0
    View loans »
    South Africa Loans Fundraising
  • $727,550
    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 Ntombifuthi to pay for one year of tuition fees and living expenses at the Maharishi Institute.
19% repaid
Repayment Term
66 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 15, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
Possible