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Rockney
Rockney is a Business Management Student at the Maharishi Institute. Rockney 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 and I love all aspects of business. The classes I enjoy the most are Human Resources and Accounting.”

What are your goals after graduation?

“I would like to buy a well-known franchise like Kentucky Fried Chicken. I would also like to work overseas as this will allow me to travel which is something that I love to do.“

Tell us about your background.

“I am the first-born of two children, born in Randfontein in 1988. I lost both my parents while I was still young, and my grandmother raised us, playing an important role as our guardian and financial provider. This is very difficult for her as she provides for six grandchildren even though she is a pensioner. I am not married and don’t have children yet as I am more passionate about education, so want to complete my studies first.”

What do you do in your spare time?

“I am very keen on sport but I also read books on business and making money. I also like socialising with successful business people to gain wisdom from them on how to be successful in life.”

How will the Kiva loan change your life?

“A Kiva loan would provide me with some financial stability as I have no regular income to pay for my studies. My life would then be free from financial worries and I would be able to concentrate on my studies. It would be a turning point in providing for my needs of school fees and transport money.”

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