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Zanele
Zanele is a Business Management student at the Maharishi Institute. Zanele is 26 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 (for) a Bachelors of Business Administration. I enjoy English, Maths and Business Fundamentals classes.”

What are your goals after graduation?
“After graduating, I want to be a financial manager, and I also want to start my own transport company in the area where I grew up. I would like to work in Pretoria, and I would like to travel and see different places.”

Tell us about your background?
“I was born in Tweepoview, Mpumalanga. I have one sister and one brother, but we are also living with three cousins whose parents passed away. My mother is working in a clothing factory, and she is a breadwinner because my father passed away in 2009. I am not yet married, and I do not have any children.”

What do you do in your spare time?
“I spend time with my family, I read motivational books, and I also hairdress people to get myself pocket money.”

How will the Kiva loan change your life?
“Kiva will change my life because I am coming from a poor family. My mother was struggling to pay for my studies and even to pay for my accommodation. So Kiva will help me to pay my tuition and also my living costs. This loan will not affect my studies and my lifestyle.”

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
  • 9.3
    South Africa Rand (ZAR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,025 helped Zanele 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