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Mpilo
Mpilo is a student on the Maharishi Institute in Johannesburg. He is applying for a loan to pay for his last semester of tuition fees and living expenses. Mpilo is 27 years old and was asked the following questions by a member of the Institute:

What do you plan to do after graduation?
“To be an 'intrepreneur' and, after getting experience, then an entrepreneur. The most important thing is to develop poor communities and create jobs. (Most people from home are unemployed because of lack of education and money to proceed with schooling).”

List 3 long-term goals:
“Have a complex or mall in my home town and my own business. Help people who need help. Develop rural communities.”

Why is education important to you?
“To have a better tomorrow and see life in a different perspective. The most important thing about education is for me to pass it through to others who need it.”

Why are you applying for the Kiva Loan?
“So that I can have enough money for transport to get to school and work daily, especially be punctual.

What are you hobbies?
“Playing chess, Scrabble, watching movies and table tennis.”

Where are you from?
“From Bushbuckridge (Mpumulanga) and I come from a family of four. My background is not that bad.”

Are you the first family member to attend University? Do you have any other siblings in school?
“No. No, she is working”

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
  • 2
    View loans »
    South Africa Loans Fundraising
  • $864,400
    Funds lent in using Kiva
  • 9.2
    South Africa Rand (ZAR) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Mpilo to pay for one semester of tuition fees and living expenses at the Maharishi Institute.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jul 15, 2013
Listed
Apr 25, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 24, 2016