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Hilda
Hilda is a business management student at the Maharishi Institute. Hilda 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 am studying towards a business degree, towards a Bachelor of Business Administration. I enjoy Physiology is Consciousness and am currently doing Organizational Management.”

What are your goals after graduation?
“After graduation, I want to be in the hospitality sector, as I have a passion for travel and tourism. I would like to live in the city of Gold, Johannesburg. I would like to tour my country and abroad.”

Tell us about your background?
“I was born in Pretoria, in Soshangure. I am the only child. I’m an orphan. I am single and do not have a child. My guardian is my grandmother.”

What do you do in your spare time?
“I like reading novels, Internet - finding/learning new things, playing brain games, listening to music, dancing, traveling to new places and meeting new people.”

How will the Kiva Loan change your life?
“The loan will help a lot, by helping me reduce the Maharishi Institute fees. The money will also help me with my monthly expenses, like paying for my accommodation. It will help my grandmother by supporting me with the stipend.”

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

This loan has been fully funded!

A loan of $2,025 helped Hilda 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