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Thabang
Thabang is a Business Management student of the Maharishi Institute. Thabang is 20 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 doing a bachelor Degree in Business (BBA). The classes that I enjoy the most are Business Management and Leadership because I love or like to lead and manage people and things around me.”

What are your goals after graduation?
“My goals are going out and get a job in one of the trading companies or work at one of the telecommunications companies for few years, maximum 4-5 years then after that, start my own business. I would like to work in Gauteng or Cape Town. I would love to travel as I will be gaining new knowledge.”

Tell us about your background?
“I was born in the country called Lesotho and born one in a family of three brothers, in a family that consists of six members. My father at the moment is not working but he tries hard everyday to bring food on the table. I am not married, but I have a child who is 2 1/2 years.”

What do you do in your spare time?
“In my spare time I engage myself in exercise, making sure that I stay healthy both mentally and physically. I also read business magazines to improve my knowledge.”

How will the Kiva Loan change your life?
“The Kiva Loan will bring a lot of change in my life. It will help me to finish my studies without any problem, as now I am not managing to pay my fees well. So the Kiva Loan will help me a lot in doing that.”

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
  • $727,550
    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 Thabang 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
Apr 29, 2013
Currency Exchange Loss:
Possible