Funded

Total loan: $2,025
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Jacob

South Africa
Johannesburg, South Africa / Higher education costs

A loan of $2,025 helped to pay for one year of tuition fees and living expenses at the Maharishi Institute.


Jacob's story

Jacob is a business management student of the Maharishi Institute. Jacob is 23 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? “I study at the Maharishi Institute because it mainly deals with human development, reaching my full potential. I enjoy the daily TM (Transcendental Meditation) and Sidi-program (Advanced Techniques) and currently I enjoy the economics class. Algebra is also my favourite.”

What are your goals after graduation? “After graduation, I would love to work as a financial analyst and work at the Johannesburg Stock Exchange. A couple of years thereafter, I would like to open my own consulting company. I would love to work in London, UK, but my heart will always remain in Africa, where I’d also open offices around the continent in order to play in the development of Africa’s wealth.”

Tell us about your background? “I was born in Tembisa and grew up in Johannesburg all my life. I have a 34-year-old brother. My mother works as a domestic worker and I have been living with her as a single parent. My father works as a mechanic, but he hasn't played a huge role in my life until recently, when he has shown initiative and added some support. I am grateful for both my parents. I have a 3-year-old beautiful daughter who currently lives with her grandparents in Limpopo and, as a young father, I want a better life for myself so that she also can have a better future.”

What do you do in your spare time? “I like collecting books. I read motivational books, business books as well as spiritual books. I also play lots of sports, mainly soccer and cricket.”

How will the Kiva loan change your life? "It will help me achieve my goal of graduating and help me with having no financial burden after graduating, since I will be repaying the loan at a reasonable rate. It will also help me with travelling expenses – meaning there will be no excuses for me not going to school.”



Loan details

Loan length:

66 months
Repayment schedule: Irregularly
Disbursed date: July 15, 2013
Facilitated by Field Partner: Maharishi Education for Invincibility Trust

Lenders and lending teams



Loan details

Loan length:

66 months
Repayment schedule: Irregularly
Disbursed date: July 15, 2013
Facilitated by Field Partner: Maharishi Education for Invincibility Trust