Update on ZainabBecause Zainab is a conservative woman, she asked her daughter to take her place in the picture. Zainab was born in 1971. She is married and a mother of six living in a sector of Jordan called Baqaa. Her husband is a driver.
Leen, one of Zainab's daughters, is a 20-year-old woman studying for her bachelor's degree in Mechatronics Engineering. She is in her third year and is planning to work in her study field to financially help her family. The family is currently facing a financial crisis which makes them unable to pay for her upcoming semester fees.
Because of the family's financial crisis, Zainab has applied for this loan.
Previous Loan DetailsZainab is a 42-year-old conservative woman, so she let her daughter Leen appear in the photo instead. Leen is now a second year university student majoring in Mechatronics Engineering. Zainab is applying for this educational loan to pay for her daughter’s semester fees. More from Zainab'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.
Concurrent and Successive Loans
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