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Arthur
Arthur is a business management student at the Maharishi Institute. Arthur 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?
“Bachelor of Business Management. Leadership and Organization Management are my favourite classes/courses that I enjoy the most.”

What are your goals after graduation?
“To start my own company, but before that, I am going to work in a corporate company in an operation management department in any city between South Africa, USA and Australia for a period of certain years to complete my experience and knowledge; then after, start my own business nationally.”

Tell us about your background?
“I was born in Gauteng and I have one brother and sister, including my two younger sisters. My mother works as a domestic worker, and I am not married yet and I have no children.”

What do you do in your spare time?
“I like watching news and (reading) important documents, including reading about successful people and businesses. Besides that, I involve myself in groups that discuss important matters about life in general.”

How will the Kiva loan change your life?
“The Kiva loan will help me a lot in terms of helping me to come to school each and every day without any worry for borrowing and struggling to pay back, and for me I appreciate this opportunity.”

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
  • 1
    View loans »
    South Africa Loans Fundraising
  • $541,075
    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 Arthur 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