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Rami
Rami a 22-year-old single man, majoring in Archaeology at the university. He is one of nine siblings in the family; they live together in the same house. Coming from such a big family adds more financial responsibilities, and sometimes sacrifices are made so that everyone get the same chances.

Rami is one of those guys who wants to experience college life and get a BA degree, so he decided to study at his own expense, and registered at the university to study Archaeology. Now he has almost graduated, but he faced a few financial troubles, so he applied for this loan in hopes that he can finish and graduate. He hopes to start working in the archaeology field, or even get more free time to fill it with more side jobs that will help the family.

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
  • 50
    View loans »
    Jordan Loans Fundraising
  • $7,601,800
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Rami to pay for university fees.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2012
Listed
Oct 22, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014