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

My name is Zablon, I am 22 years old and I am studying for my Bachelor of Business Administration at the Maharishi Institute. My hobbies are singing in the church choir, reading newspapers and magazines and playing soccer. I am the first in my family to attend university. My family lives in Thokoza where my mother is a domestic worker, and my father is a taxi driver.

I plan to graduate in 2014 and after graduation, I hope to find a stable occupation in the corporate world. Someday I would like to start my own business and my dream is to assist other people, to help them to enjoy the opportunities I have been given. I'd like to get my Masters degree, become financially stable, and buy my first house.

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.

About South Africa

  • $12,700
    Average annual income
  • 0
    View loans »
    South Africa Loans Fundraising
  • $875,025
    Funds lent in using Kiva
  • 8.4
    South Africa Rand (ZAR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,075 helped Zablon to pay for tuition fees and living expenses at the Maharishi Institute.
55% repaid
Repayment Term
65 months (Additional Information)
Repayment Schedule
Sep 29, 2012
Aug 31, 2012
Currency Exchange Loss: