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Obaida
Obaida is 18 years old. He lives at a sector in Jordan called Irbid with his four brothers and his parents. His father currently works in the retirement department for the military. Obaida is in his first year studying for a bachelor's degree in finance. He is planning to continue his studies and to find a job in his study field after graduation, earning a good income to help his family financially. But he doesn't currently have enough money to pay for his upcoming semester fees. For this reason, he applied for this loan.

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.

Tags

About Jordan

  • $6,100
    Average annual income
  • 29
    View loans »
    Jordan Loans Fundraising
  • $7,877,850
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Obaida to pay for his upcoming semester fees.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2013
Listed
Nov 23, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014