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Ashley
Ashley is a Business Management Student at the Maharishi Institute. Ashley 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 and enjoy all the classes but especially the meditation, as it has helped me to manage classes that I wasn’t very good at before, like Mathematics.”

What are your goals after graduation?

“After graduating, I would like to work for a large listed company, preferably in the HR department, as I believe that HR plays a central role in business. While working I would like to study Human Resources part-time through the University of South Africa. After some initial experience I would like to work in other African countries.”

Tell us about your background.

“I was born and bred in Soweto in 1992. My father passed away in 1996, so my siblings and I were raised by a single parent. I had four siblings but the eldest one passed away in 2006. My mother is almost 60 years old and works as a tailor from our home.”

What do you do in your spare time?

“I spend most of my time channeling my energy to positive things like writing poetry for my music career, playing soccer and reading novels.”

How will the Kiva loan change your life?

“It would help me to get to school every day and on time, as I would be able to change the way that I get to university. I would also be able to buy some formal clothing to come to school looking more presentable and neat, like the other students.”

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.

Tags

About South Africa

  • $11,500
    Average annual income
  • 6
    View loans »
    South Africa Loans Fundraising
  • $622,400
    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 Ashley to pay for one year of tuition fees and living expenses at the Maharishi Institute.
9% repaid
Repayment Term
67 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 27, 2014
Listed
Feb 14, 2014
Currency Exchange Loss:
Possible