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Kagiso
Kagiso is a business management student at the Maharishi Institute. Kagiso is 22 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 Bachelor of Business Administration (degree) and I enjoy business classes and consciousness classes most.”

What are your goals after graduation?
“I would like to manage a media company around Johannesburg or Pretoria after graduating.”

Tell us about your background?
“I was born in Pretoria, and I have two little sisters and one brother. I have a single parent and she is not working at the moment. We are only four at home. I am not married and I don’t have a child.”

What do you do in your spare time?
“In my spare time I like to produce music and read some books, magazines and newspapers or play some games sometimes.”

How will the Kiva loan change your life?
“If a Kiva loan approves me, I could at least afford to buy some food for every month using the money I receive from Kiva. My studies will be paid also, and my life will change. I will be offered a chance to study.”

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
  • 8
    View loans »
    South Africa Loans Fundraising
  • $616,550
    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 Kagiso 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