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Nkosinathi is a Business Management student at the Maharishi Institute. He is applying for a loan for his last year and a half of studies. Nkosinathi is 22 years old and was asked the following questions by a staff member of the Institute:

What do you study at the Maharishi Institute and what classes do you enjoy most?

"Business Administration. I enjoy the maths class because it's where I get more knowledge on how to count because the study that I am doing is all about business."

What are your goals after graduation?

"My goal is to start my own business where I come from and I would love to work at KPMG Company in Johannesburg. I would love to go to travel the world because it's where I will gain more experience to conquer the skill that I have."

Tell us about your background?

"I was born in Kwazulu Natal in rural areas, I do have one sister, my father does work as a security guard and my mother she's not working. I'm not married and I don't have children."

What do you do in your spare time?

"I like to play soccer and go to positive living group because I believe these two things that I mentioned they made a huge development in me because the take me away from bad things like alcohol, drugs and stealing."

How will the Kiva Loan change your life?

"If I can get this loan from Kiva it will be highly appreciated in me because I struggle a lot when when it comes to pay for my fees and with Kiva Loan I can change my lifestyle because I will put more effort into my studies to get my degree. Maybe I can carry on with my masters."

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
  • $818,550
    Funds lent in using Kiva
  • 9.2
    South Africa Rand (ZAR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,075 helped Nkosinathi to pay for tuition fees and living expenses at the Maharishi Institute.
22% repaid
Repayment Term
86 months (Additional Information)
Repayment Schedule
Jul 15, 2013
Apr 25, 2013
Currency Exchange Loss: