Jordan Student Loans

completed

_x000C_The proposed project is a student loan program for university students in Jordan, whereby IFC will share risk-on the portfolio of loans. The loan portfolio will be originated and managed by a private Jordanian bank on a commercial basis. The maximum size of the portfolio will be $25 million equivalent. Loans will be used by students to pay tuition at universities for undergraduate and graduate education at both public and private universities. The maturity of the loans will be up to eight years which will enable students to repay the loans from their earnings after graduation. While the student is still studying at university, they will make interest payments on the loans, to instill a repayment behavior and ensure that the student continues to be eligible for further loan disbursements. The loans will be repayable four and a half years after graduation.