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Nosethu
Nosethu is a Business Management student at the Maharishi Institute. Nosethu 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 for a Bachelor of Business Administration. The classes I enjoy the most are the Science of Creative Intelligence classes as they develop the self, which helps me to focus on my other classes.”

What are your goals after Graduation?
“After graduation I would like to work in Human Resources, eventually becoming an HR Manager, as I love working with people. I would like to initially work in Johannesburg but I would love to travel one day too.”

Tell us about your background?
“I was born in the rural area of Port St John’s in the Eastern Cape. I am the third born of four children. My oldest brother is working in a shop but my other two siblings are not working. My sister just completed Grade 12, but at this stage, she can’t afford to study further. My mother works in a local hotel and my father is a merchandiser in a wholesale shop. I am not married, but I have a 5-year old daughter.”

What do you do in your spare time?
“I enjoy reading and writing poetry during my free time. I also love just spending time thinking with no one around, as that keeps me calm and allows me to think about my life in general.”

How will the Kiva Loan change your life?
“Due to my disadvantaged background, a Kiva loan will relieve the stress caused by my financial problems. It will enable me to focus better on my studies.”

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
  • $725,975
    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 $1,700 helped Nosethu to pay for one year of tuition fees and living expenses at the Maharishi Institute.
11% repaid
Repayment Term
74 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 27, 2014
Listed
Feb 14, 2014
Currency Exchange Loss:
Possible