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Nompumelelo
Nompumelelo is a Business Management Student at the Maharishi Institute. Nompumelelo is 28 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 Arts in Business Administration. The classes I enjoy the most are Business English, Financial Accounting and Economics.”

What are your goals after graduation?

“After completing my degree, I would like to work for a year before starting a part-time law degree.”

Tell us about your background.

“I live with my father who is a security guard at the local library in Katlehong. I am an only child but now I have a child of my own, which motivates me to ensure that I can provide a future for her.”

What do you do in your spare time?

“I enjoy watching movies, but I prefer spending quality time with my child, as I don’t see enough of her, being at school most of the time.”

How will the Kiva loan change your life?

“A loan from Kiva would enable me to pay for transport to the university every day, as my father’s income is only enough to buy groceries.”

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
  • 9
    View loans »
    South Africa Loans Fundraising
  • $614,675
    Funds lent in using Kiva
  • 11.0
    South Africa Rand (ZAR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,725 helped Nompumelelo to pay for one year's tuition fees and living expenses at the Maharishi Institute.
8% repaid
Repayment Term
60 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 27, 2014
Listed
Feb 14, 2014
Currency Exchange Loss:
Possible