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Thokozani
Thokozani is a Business Management Student of the Maharishi Institute. Thokozani is 21 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?
“Bachelor of Business Administration. I enjoy Principles of Business Success, Principles of Economics and Business Fundamentals.”

What are your goals after graduation?
“I plan to get a job as a manager, work for approximately three years and save up enough money for me to start my own business, and also continue studying via correspondence.”


Tell us about your background?
“I am the last born in a family of six. I have three brothers and two sisters. My mother is unemployed and my father works at an engineering firm. I am not married and don’t have any children.”


What do you do in your spare time?
“I like writing and reading, listening to music and watching inspirational documentaries.”


How will the Kiva Loan change your life?
“Firstly the loan will help me pay off my first year tuition, secondly the loan will help me with transport fare which is a major problem for 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

  • $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 Thokozani to pay for one year of tuition fees and living expenses at the Maharishi Institute.
18% repaid
Repayment Term
66 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 15, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
Possible