Update on FathiyaFathiya is 45 years old. She is married and has four children. She also has a brother who is a teacher and another one who is a bus driver. One of Fathiya's sons is currently studying a Bachelor of Electrical Engineering (3rd year). He is planning to work in his study field in the future to be able to help his family financially. As Fathiya is currently facing financial problems, she is not able to cover her son's study fees. For this reason, she applied for this loan.
Previous Loan DetailsFathiya is a 45-year-old housewife caring for four children. She has a son who attends the university to get a bachelor degree in electrical engineering. Fathiya has applied for this loan to pay for her son’s semester fees. More from Fathiya's previous loan »
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 BankJordan 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.
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