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Vuyokazi
Vuyokazi is a Business Management student at the Maharishi Institute. Vuyokazi is 22 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 Bachelor Business Administration (BBA) Degree."

What are your goals after graduation?
“I want to work in an Accounting and Finance Section,and to study Hospitality. Afterwards, I want to open my new business in the Hospitality and Travelling Sector. I would like to work in Johannesburg where I am closer to my family. I would like to travel all over, see how people run their own business, get motivation and inspiration and to connect/network to professional businesswomen and businessmen.”

Tell us about your background?
“In my family we are three girls and I am second born in my family. My mother is a breadwinner in my family. My father passed away when I was in Primary School, which changed the situation at home-more difficult, so my mother had to look for a job in order to get the needs of the family.”

What do you do in your spare time?
“In my spare time, I like to read and write short novels.”

How will the Kiva Loan change your life?
“Kiva is a life changing opportunity for me, that will help my mother financially to now focus and try to help my younger sister to finish school.”

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
  • 0
    View loans »
    South Africa Loans Fundraising
  • $534,975
    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 Vuyokazi 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