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Lisa
Lisa is a Business Management Student at the Maharishi Institute. Lisa is 21 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 of Business Administration. The classes I enjoy the most are the consciousness-based classes because I am able to get in touch with my inner self and my confidence is boosted by always having to talk in front of my peers.”

What are your goals after graduation?

“I would like to work in an organisation that values team work and encourages innovative ideas so that I can give back to the community. I would like to work in the business sector initially in Johannesburg, but then I would like to travel and explore how other people do business and learn from their strengths.”

Tell us about your background?

“I was born in Zimbabwe and have one little sister. When I was nine years old, both my parents passed away and we have been cared for by my grandmother ever since. My little sister is in grade 9. I come from a loving and supportive family, and even though we don’t have much, we have each other and that is important. I am not married and I don’t have children.”

What do you do in your spare time?

“I love to read and listen to music. I spend most of my free time finding motivational and inspirational books that have lessons that I can learn. I am also adventurous and like to do things that I’ve never done before.”

How will the Kiva loan change your life?

“This loan will change my life because it will relieve some of my worries about paying for my studies. If I worry less, I’ll be happier and healthier.”

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.

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About South Africa

  • $12,700
    Average annual income
  • 0
    View loans »
    South Africa Loans Fundraising
  • $727,550
    Funds lent in using Kiva
  • 11.0
    South Africa Rand (ZAR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,725 helped Lisa to pay for one year of tuition fees and living expenses at the Maharishi Institute.
11% repaid
Repayment Term
74 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 27, 2014
Listed
Feb 14, 2014
Currency Exchange Loss:
Possible