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

My name is Stanley, I'm studying for a Bachelor's Degree in Management, specialising in Nature Conservation and Sustainable Living at the Maharishi Institute. I'm 23 years old and I'm from Jeppestown, Johannesburg.

My mother passed away and my dad works part-time in his own business as a technician. My sibling goes to the University of Mozambique. I enjoy bodybuilding in my spare time.

When I graduate in 2014, I want to open my own business, so that I can have money to support my family. My dream is to get PhD and buy a house.

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
  • 1
    View loans »
    South Africa Loans Fundraising
  • $727,550
    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 Stanley to pay for one year tuition fees and living expenses at Maharishi Ezemvelo Rural University (MERU).
19% repaid
Repayment Term
62 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 15, 2013
Listed
May 3, 2013
Currency Exchange Loss:
Possible