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Kefah
Kefah is a conservative woman, so she asked her son to take her place in the picture. Kefah was born in 1969. She is married and a mother of seven living in a rented house in a sector in Jordan called Baqaa.

One of Kefah's sons is working in the Jordanian Geographic center in Jordan and at the same time studying for his Bachelors’. He is one step closer to graduation and is planning to find a better job after graduation to start helping his family financially. Because Kefah and her husband don’t have enough money to pay for their son's upcoming study fees, she has 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

  • $3,740
    Average annual income
  • 61
    View loans »
    Jordan Loans Fundraising
  • $7,601,800
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,075 helped Kefah to pay for her son's upcoming semester fees.
63% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2014
Listed
Jan 29, 2014
Currency Exchange Loss:
Possible