A loan of $2,075 helped to pay for tuition fees and living expenses at the Maharishi Institute.

Bonginkosi's story

Bonginkosi is applying for a loan to support his studies for one year at the Maharishi Institute. This is his story:

My name is Bonginkosi and I was born in Soweto, Johannesburg. I am the second in a family of four. We are Zulu, and we follow the Christian religion. I am studying towards a Bachelor of Business Administration at the Maharishi Institute, and I expect to graduate in 2015. I am the first in my family to attend university; my siblings both dropped out of school, for instance when my sister got pregnant she had to leave Grade Ten. Currently nobody is employed in my family and we manage on 2000 Rand per month, which is our rent money.

I hope to get a better paying job after graduating, and to help create a better life everywhere I go in this world. My ambitions are to buy a bigger house for my mother, and to buy a big house for myself where I can live once I get married. I'd like to start my own company aiming to alleviate poverty and decrease unemployment in South Africa. I have always loved business; when I was little, I used to sell oranges. I'd also like to get a car and make sure that my children get better living conditions than I did.

All I wish is to create a better life for my family. Education is my way to economic freedom and economic democracy. It is important to me because it opens doors for me to gain wisdom and knowledge of the unknown. Education gives higher knowledge to an individual, and when one is knowledgeable he/she has more to offer to society.

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