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Jerry
Jerry is applying for a loan to support his studies for a year at the MERU. This is his story:

I'm from Chiawelo, in Soweto. I am studying at the Maharishi Institute for a Bachelor's Degree in Management, specialising in Nature Conservation and Sustainable Living.

In my spare time, I enjoy cooking and eating, as well as football, singing, reading, watching movies and making money. At our campus at Ezemvelo Nature Reserve, I work as the cook for the students and staff. Both my parents are not working and I have two brothers and a sister. Only one of them goes to the University of Johannesburg.

I plan to graduate by 2014 and want to work for a big South African company, for no more than 10 years. During this time, I want to save money to start my own businesses in food and property. These businesses that will enable me to start more businesses.

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
  • $700,425
    Funds lent in using Kiva
  • 9.0
    South Africa Rand (ZAR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,100 helped Jerry to pay for one year of tuition fees and living expenses at Maharishi Ezemvelo Rural University (MERU).
17% repaid
Repayment Term
62 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 15, 2013
Listed
May 3, 2013
Currency Exchange Loss:
Possible