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Update on Kgotso

Kgotso is applying for a second loan to support his last year and a half of studies at Maharishi Institute. He will graduate in December 2014. When asked about his progress since the first Kiva loan, Kgotso reports:

"My studies have progressed a little bit higher because since I was getting the first loan, I get early in to school, and I start with the lesson they teach for that day because I used to get in late to school, missing other lessons. Since then, I don't miss anything and I'm passing in class. Now, since I'm going to get a second loan, it's going to help me more than it used to."

Previous Loan Details

Kgotso is applying for a loan to support his studies at the Maharishi Institute. This is his story: My name is Kgotso, I am 24 years old and I am from Munsieville in Mogale City. Where I come from is a township where very few people love school and want to achieve in life. Currently, I'm study... More from Kgotso's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About South Africa

  • $12,700
    Average annual income
  • 1
    View loans »
    South Africa Loans Fundraising
  • $875,025
    Funds lent in using Kiva
  • 9.2
    South Africa Rand (ZAR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,950 helped Kgotso to pay for tuition fees and living expenses at the Maharishi Institute.
0% repaid
Repayment Term
123 months (Additional Information)
Repayment Schedule
Jul 15, 2013
Apr 22, 2013
Currency Exchange Loss:
This photo was used before for a previous loan for Kgotso. It was first posted on Kiva on Aug, 2012. Learn More