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

Hi, my name is Freddie, I'm 24 and am from Sebokeng in Johannesburg. I'm studying at the Maharishi Institute for a Bachelor's Degree in Management, specialising in Nature Conservation and Sustainable Living.

In Sebokeng, I live with both parents and one brother. In my spare time, I enjoy reading, listening to music and travelling.

I plan to graduate by 2014. After becoming financially stable, I want to give back to the community. My long term goals are to be a business owner and to help those in need.

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
  • $725,975
    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 Freddie to pay for one year tuition fees and living expenses at Maharishi Ezemvelo Rural University (MERU).
19% repaid
Repayment Term
63 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 15, 2013
Listed
May 3, 2013
Currency Exchange Loss:
Possible