Update on RawanRawan is a 21-year-old lady who lives in a sector in Jordan called Irbid with her five siblings and her parents. Her father works at a governmental entity. Rawan is studying for her Bachelor's degree, majoring in Arabic Language. She is in her third year and is one step closer to graduation. She is planning to work in her study field after that to start helping her family financially as they are currently facing a financial crisis which is not helping them pay her upcoming semester fees. For this reason, she has applied for this loan.
Previous Loan DetailsRawan is a 21-year-old single lady. She lives with her five siblings and parents. Rawan is a university student majoring in Arabic language. She wants to get her bachelor's degree at it. Rawan is applying for an educational loan to pay for her next semester fees. More from Rawan'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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This loan has been fully funded!
- Repayment Term
- 18 months (Additional Information)
- Repayment Schedule
- Jan 16, 2014
- Feb 4, 2014
- Currency Exchange Loss: