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Nelly
Nelly is a Business Management student at the Maharishi Institute. Nelly is 22 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'm studying Business Administration. I am enjoying all my classes, but classes that I enjoy the most are Physiology of Consciousness and Principles of Business Success and Business Fundamentals.”

What are your goals after graduation?
“After graduation I plan to work in any company in a marketing department, so that I can make money to start my own business and build the dance studio where I will teach kids to dance. I would like to work in Johannesburg or Durban. I would like to travel to different cities and countries because I like to experience new things.”

Tell us about your background?
“I was born in Tembisa Hospital. When I was four years old, I was moved to Kwahdebele Mpumalanga to start my primary school level there. I am the last born and the only girl, and I have two brothers. My father passed away in 2011. My mom is a domestic worker, and she is the breadwinner. I am not married and I also do not have children. After my father’s death, things were not easy for my mother because she had to provide everything for all of us, and sometime it is hard because she can’t do things for herself.”

What do you do in your spare time?
“In my spare time I like to read novels and relax. And I like to spend time with my family and go out watching movies.”

How will the Kiva loan change your life?
“I will have no fear that I will drop out before I finish my studies, and I know that Kiva will help me to pay for my studies; it will help me to change my lifestyle to better. I would learn to save so that I can pay the loan back.”

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
  • 0
    View loans »
    South Africa Loans Fundraising
  • $538,425
    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 $2,050 helped Nelly to pay for one year of tuition fees and living expenses at the Maharishi Institute.
15% repaid
Repayment Term
66 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 15, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
Possible