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Thabiso
Thabiso is a business management student of the Maharishi Institute. Thabiso 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?
“At Maharishi Institute, I am studying for a Bachelor of Business Administration and I want to get an MBA after my studies at MI. The classes I enjoy the most are Algebra I and II, Principles of Economics, Principles of Business Success and Statistics.”

What are your goals after graduation?
“After obtaining my Masters of Business Administration here at MI, I want to work in the sector of statistics / investment mode because I am brilliant with maths and good at making business decisions. The city I would like to work in is Johannesburg or it can be globally because I want to learn more and love travelling the world.”

Tell us about your background?
“I was born in a family of six including my parents and I was born in Johannesburg. I am the lastborn at home. I am not married and don’t have children. At home my father is the breadwinner; hence, my mother is not working as well as my brothers. So, obtaining the Kiva loan would really help me a lot to obtain my MBA qualification. Lastly, my father works as a clerk, and for him trying to pay my school fees has been a problem, because the income he gets should also cover the bills in the house, cover my transport as well as groceries. Hence, obtaining this good funding loan would really take some of the load off my father's shoulders.”

What do you do in your spare time?
“During my spare time, I like to play cricket with my friends or play computer games. Apart from spending time with my friends, I enjoy reading business biographies because they inspire me to keep on living my dream of owning my own mining company (gold) in order to create employment for other people. And, during weekends, I sometimes visit my former high school to help them with maths and science. If the learners are able to create time and wanting to get help with their work; then for me to help them is easy to do – to change their lives.”

How will the Kiva Loan change your life?
“The Kiva loan would change my life straight away because it will enable me to focus more on my school work, rather than on how to create money for transport to come to school. The other significant change would be the pocket money that comes with the Kiva loan and I would use it on transport and some of it to pay my school fees.”

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
  • $534,975
    Funds lent in using Kiva
  • 9.3
    South Africa Rand (ZAR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,025 helped Thabiso 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 27, 2013
Currency Exchange Loss:
Possible