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Katlego
Katlego is a business management student of the Maharishi Institute. Katlego 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?
“Bachelor of Business Administration; mathematics, algebra, business classes such as Principles of Business Success, Sustainable Living and Experiential classes such as Forest Yoga Asanas and SCI (Science of Creative Intelligence).”

What are your goals after graduation?
“After graduating I would like to work at a public company as a financial assistant or manager. I would like to work in Johannesburg or Limpopo. I prefer to rent near where I will be working and not travel. After a while of working, I would like to start my own business – a child care center or old age center – and I will also go for social working.”

Tell us about your background?
“I was born in Mpumalanga- Driefontien. I am from a family of six: sisters, brother and two younger brothers. I am the third born of Makkie, who is a single mother and works as a domestic worker. I don’t have a child and lastly I am not married.”

What do you do in your spare time?
“I like watching TV, reading informational books and going to church or the park for fun.”

How will the Kiva Loan change your life?
“I think that the Kiva loan will change my life in the way that I don’t have to always ask my mom for anything that is needed for school and my wants. It will also help my mother not to stress about transport money and the monthly payment of 200 rand. I think it will help a lot that there will be changes, as I won’t be too much dependent on her as she is the only one who is looking out for us.”

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
  • 5
    View loans »
    South Africa Loans Fundraising
  • $622,400
    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 Katlego to pay for one year of tuition fees and living expenses at the Maharishi Institute.
17% repaid
Repayment Term
66 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 15, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible