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Wiseman
Wiseman is a business management student at the Maharishi Institute. Wiseman is 19 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. I enjoy most finance, accounting and business classes. I also enjoy consciousness-based education (CBE).”

What are your goals after graduation?
“After graduating, I would want to work as an auditor for any company, but at a later stage start my own company of chartered and accountancy. I would live all around the world in different countries. I would like to travel more and understand the doing of other businesses all around the world.”

Tell us about your background?
“I am the firstborn of a family of three boys and three girls, in which we are six. My father is a breadwinner; my mother is a housewife. We all are still in school. My hobbies are reading, writing and listening.”

What do you do in your spare time?
“I spend my spare time reading; if not, then I’m in church with church-mates. Some other times I do community work in the old age homes for other people who cannot help themselves.”

How will the Kiva loan change your life?
“A Kiva loan will help me a lot in the field of my studies. It will decrease the expense from my father’s pocket, and it will help me worry less on whether I'll be able to pay my tuition on time or not. A Kiva loan will change a lot of things. I will now concentrate more on my studies than my expenses.”

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 Wiseman 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