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Lethiwe
Lethiwe is a business management student at the Maharishi Institute. Lethiwe is 25 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 study for a business management degree. The class I enjoy most is Business Fundamentals and Management and Organization class.”

What are your goals after graduation?
“Obtaining the BBA degree certificate; I would like to work at Sasol Turbo in Secunda at Mpumalanga as a payroll administrator.”

Tell us about your background?
“I was born in 1988 at Ntumbane (KZN). I have two brothers and two sisters. My father is working as a gardener and my mother was doing domestic work at Piet Retief. I’m not married. I have a two-year-old lovely girl.”

What do you do in your spare time?
“I like reading novels and singing gospel with my sisters, and watching TV.”

How will the Kiva loan change your life?
“It will change my life in transport. I used to walk when I come to school, but now I think everything will be better. I can help my little girl by buying her food, and in my studies, I can buy things like a dictionary to help me.”

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.

Tags

About South Africa

  • $11,500
    Average annual income
  • 1
    View loans »
    South Africa Loans Fundraising
  • $535,700
    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 Lethiwe to pay for one year of tuition fees and living expenses at the Maharishi Institute.
14% repaid
Repayment Term
66 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 15, 2013
Listed
Apr 29, 2013
Currency Exchange Loss:
Possible