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Ramarumo is a Business Management student of the Maharishi Institute. Ramarumo 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. The classes I enjoy most are Consciousness-Based Knowledge because they like us to think from a level of creation, Elementary Algebra 1 & 2, Economics, and most of all, English class.”

What are your goals after graduation?
“My goal is to become the best and to give back to the community in order to get what I got. The sector I expect to work under is managing my own business, so that many unemployed people may be employed, and I would like to be one of the donors around the city of Johannesburg.”

Tell us about your background.
“I was born and raised by a single parent, my mother, who is the mother of four. I was born in Gauteng in the Vaal Sharpville. I am the second born at home. We're only living with one parent “mother” at home, taking care of four children by a Government Support Grant. I have three sisters; my one sister is studying Management. My mother is currently not working and is in high hopes of getting a job to take care of her family. My father left us eight years ago and he never came back home.”

What do you do in your spare time?
“In my spare time I like reading, playing around the Internet and socializing with friends and families in and around South Africa. I usually use most of my spare time doing something that will generate a benefit to me in the long run.”

How will the Kiva loan change your life?
“The Kiva loan will bring a very huge change in my life because it’s the only cash I am going to rely on for living expenses. The loan is going to bring gigantic change in my academic results because I am going to get to school easily and be credited to some school points, which brings significant change like changing the transport I am using currently.”

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
  • 9.2
    South Africa Rand (ZAR) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,050 helped Ramarumo to pay for one year of tuition fees and living expenses at the Maharishi Institute.
35% repaid
Repayment Term
66 months (Additional Information)
Repayment Schedule
Jul 15, 2013
Apr 26, 2013
Currency Exchange Loss: