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Alaa
Alaa is 23 years old and single. She has one sister and four brothers. Her father is a taxi driver, and with what he makes daily it will be a challenge to be able to support the whole family, especially now that they reached the university level. So Alaa who is a student at one of the Jordanian universities majoring in Computer Sciences, took a job at the same university as a secretary to be able to help in paying for her college fees. Now Alaa has applied for a loan to pay for her semester fees and help her family with part of the money.

Additional Information

More information about this loan

This loan is part of National Microfinance Bank's education program, designed to finance school tuition for students whose families have low incomes or work in informal sectors of the economy. Funds can be used for partial or complete payment of expenses related to higher education. This loan is unique compared to other options on the market as NMB has introduced flexible interest rates, meaning the loan interest rate is lowered for students with good grades and students who are engaged in community service/voluntering activiites. Discounts are also offered to students with physical disabilities and to families who have other children also studying at the university level. By supporting this loan, you're enabling access to education for students with limited options. 

About National Microfinance Bank

Jordan is a small country located in the heart of the Middle East’s Levant region. Regional instability has caused Jordan to be excluded from global investments for decades. Additionally, a lack of natural resources—including water and energy—places tremendous strain on the Jordanian economy, over 80% of which consists of small businesses, largely in the service industry. Despite their importance in the economy, many of these businesses are excluded from the banking sector because of their size. Microfinance institutions like National Microfinance Bank offer them an opportunity to enhance and expand their businesses. NMB also offers its services to other underprivileged peoples in Jordan, providing them with loans to pursue educational goals and improve their homes and livelihoods.

About Jordan

  • $3,740
    Average annual income
  • 36
    View loans »
    Jordan Loans Fundraising
  • $7,721,550
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Alaa to pay for her semester fees.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2012
Listed
Apr 2, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013