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Katleho
Katleho is a Business Management Student of the Maharishi Institute. Katleho is 23 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 study Business Administration Degree. Classes I enjoy the most are Algebra, Principles of Economics and Digital Marketing.”

What are your goals after graduation?
“After graduation I hope to work in the Management Department of a company. I would like to work in any city because I would like to travel.”

Tell us about your background?
“I was born in Orange Farm, am from a family of seven. I have three brothers and one sister; we live with both our parents and they are married; both my parents are unemployed.”

What do you do in your spare time?
“During my spare time I like to read and go for music production lessons.”

How will the Kiva Loan change your life?
“Kiva Loan will change my life because I travel using train to school and back home, which takes me two hours to school and two hours back home. And this loan will be a relief because sometimes I struggle with transport money so this loan will be helpful.”

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 Katleho to pay for one year 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