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

My name is Stanley, I'm 34 years old and I am studying towards my Bachelor of Business Administration the Maharishi Institute. I was born in Queenstown, in the Cape. My hobbies are reading novels and newspapers, watching television, especially cricket, and listening to music.

My father died 10 years ago. My mother is now remarried and we are not in contact. My grandmother has been taking care of me since I was a child, and my dream is to get a good job to provide for her. I am from a very poor family, so any help would be highly appreciated. I just want to change my family's condition for the better.

I plan to graduate in 2014, and afterwards I would like to get an MBA and have a family. Education is important to me as it is self-liberating, and the only thing that can bring hope to the hopeless. It is why I haven't given up on my dreams of obtaining a degree and making good.

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 Stanley to pay for tuition fees and living expenses at the Maharishi Institute.
53% repaid
Repayment Term
65 months (Additional Information)
Repayment Schedule
Sep 28, 2012
Aug 31, 2012
Currency Exchange Loss: