Check out some available loans that are similar to this one!
Sanele
Sanele is a Business Management Student at the Maharishi Institute. Sanele is 25 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. I enjoy each and every class that I attend.”

What are your goals after graduation?

“After graduation I’d like to work in Human Resources for a big corporate. I would like to work for the City of Johannesburg too, one day.”

Tell us about your background.

“I was born in Enkandla in Kwazulu-Natal. Altogether there were eight children but three have passed away, so now I have two sisters and two brothers. My mother is a pensioner and no longer works. I am not married and don’t have children yet.”

What do you do in your spare time?

“I like to read books and play cricket in the township.”

How will the Kiva loan change your life?

“It will change my life a lot as I will have enough money for transport and to pay my fees each month. This will mean that I won’t have to stress about money and can focus on my studies and achieving good grades.”

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

  • $12,700
    Average annual income
  • 1
    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 Sanele to pay for one year's tuition fees and living expenses at the Maharishi Institute.
12% repaid
Repayment Term
60 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 27, 2014
Listed
Feb 14, 2014
Currency Exchange Loss:
Possible