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Tiego
Tiego is a business management student at the Maharishi Institute. Tiego is 21 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 degree in Business Administration. I enjoy working with numbers, and I am still adapting to business courses as I did not do business in high school. Yoga Asanas and Meditation help me a lot with dealing with stress when coming to multi-tasking.”

What are your goals after graduation?
“After graduation, I want to work in a business organization, maybe the finance part, because I am good at handling finances. I will be very happy if I can work in Limpopo (Polokwane city) or Johannesburg, as they say home is where the heart is. After five years of working, I will then start to invest in properties and build an orphanage home for underprivileged children.”

Tell us about your background?
“I was born in Gauteng, but moved to Limpopo when I was still young. I am the only child to my parents. My mother passed away seven years back; she was a hawker and she did everything to provide for me and my family. My father does not have a stable job. He does piece jobs like building.”

What do you do in your spare time?
“In my spare time I like to write about my past, present and future. Writing helps me to see how far I have come and see that the sky is the limit for me. I am a dreamer and my dreams always become true. I also enjoy reading motivational books and quotes because they keep me going.”

How will the Kiva loan change your life?
“The Kiva loan will change my life to help me reach my goals, especially the stipend that I will be getting, because I will invest it until I am through with my studies so when I want to start a property business in the future, I will know that I have a start-up plan.”

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

  • $12,700
    Average annual income
  • 0
    View loans »
    South Africa Loans Fundraising
  • $725,975
    Funds lent in using Kiva
  • 9.1
    South Africa Rand (ZAR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,075 helped Tiego to pay for one year of tuition fees and living expenses at the Maharishi Institute.
18% repaid
Repayment Term
66 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 15, 2013
Listed
May 1, 2013
Currency Exchange Loss:
Possible