Update on AliAli is 25 years old. He is married and has 1 daughter. Ali is in his third year of a Bachelor of Political Science program. He also works as a police officer at the same time. He is planning to work in his field after graduation, hoping that he will find a job with a better income that will help him cover his family needs. Now he is facing financial problems which are not helping him in paying his upcoming semester fees. For this reason, he applied for this loan.
Previous Loan DetailsAli is a 25-year-old married man who works in the defense department. Ali wants to elevate his educational level, so he enrolled himself in a university where he is continuing to get a degree and improve his military level in this way. Now he applied for this loan so he can pay for his next se... More from Ali'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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