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Bokang
Bokang is a Business Management student at the Maharishi Institute. Bokang is 23 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, Algebra 1 & 2, Economics and Business Principles”.

What are your goals after graduation? In which sector do you expect to work?
“After completing my degree, my aim and goal is to have my own business where I can set my own rules and be my own boss. Business in music industry and international development.”

Tell us about your background and family?
“I was born in the Free State in the city called Bloemfontein. I’m the third born and we are only boys and the last born is in high school. the other two are working.”

What do you do in your spare time?
“Collecting music and listening to it as well as editing music.”

How will the Kiva Loan change your life?
“It will help me to get to school, as my mom and father are not working and staying separate. So it will boost me to have a guarantee to be here in school daily”.

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
  • $738,025
    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 Bokang to pay for one year of tuition fees and living expenses at the Maharishi Institute.
19% repaid
Repayment Term
66 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 15, 2013
Listed
Apr 29, 2013
Currency Exchange Loss:
Possible