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Solomon
Solomon is a Business Management Student at the Maharishi Institute. Solomon is 22 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. The classes I enjoy the most are Principles of Business Studies, Business Law and Ethics, Economics and Science of Creative Intelligence.”

What are your goals after graduation?

“I would initially like to become an accountant in the finance department of a reputable company. I would then like to start my own transportation business, based in Durban at the sea, to enable imports and exports. I would like to visit the U.K., too.”

Tell us about your background.

“I was born in Soweto and still live there with my mother. She is a single parent and currently unemployed. I have two younger siblings.”

What do you do in your spare time?

“I like to read books, especially political ones. I enjoy spending time with my family and friends and I love playing soccer.”

How will the Kiva loan change your life?

“A Kiva loan will help me to help my mother and it will help me to achieve my dreams and be a better person in life.”

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
  • 0
    View loans »
    South Africa Loans Fundraising
  • $741,075
    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 Solomon to pay for one year of tuition fees and living expenses at the Maharishi Institute.
12% repaid
Repayment Term
67 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 27, 2014
Listed
Feb 14, 2014
Currency Exchange Loss:
Possible