The Joognoo Project | Interest-Free Student Loans

Paying Back is Paying Forward.

My project-1 - 2023-06-23T134127.738 (1)

Empowering Deserving Students With No-Interest Educational Loans!

Joognoo, meaning “firefly” in English, it serves as a profound metaphor for our project aimed at inspiring young women and men to create light in the dark. Just as fireflies illuminate the night sky with their radiant glow, we believe that every young person possesses the potential to shine brightly, regardless of their circumstances. Our mission is to harness the power of education and provide interest-free loans to the most deserving and talented students, igniting their paths to success.

Much like fireflies flickering together, our vision extends beyond individual success stories. We envision a network of young minds, united by the light they create, who understand the transformative power of education. Inspired by the firefly’s resilience and adaptability, we encourage our beneficiaries to become beacons of change, guiding others towards their own journeys of growth and development.

Our Core Principals

Education loans serve as a means to promote social solidarity, alleviate poverty, and foster economic empowerment.

  1. Loans to be Interest-free loan: The loan is provided without charging any interest or additional benefit from the borrower.
  2. Benevolence and generosity: Loan is viewed as an act of kindness and compassion towards others. We will willingly offer financial assistance to uplift the recipient without any expectation of material gain towards us.
  3. Repayment and responsibility: We trust in good faith at the borrower who will repay the loan when they are financially capable. It is our fundamental belief that our borrowers will take full responsibility to honor the commitments as outlined in the loan agreement. 
  4. Sincerity and confidentiality: We the lender will keep your loan and related information confidential and we expect you to do the same in protecting confidential agreement between us. 
  5. Preferences: Although, we do not discriminate any applicant on the basis of religion, race, ethnicity, color or social status but we do give priority to deserving female students and minorities. 

Eligibility Criteria

To be eligible for JOOGNOO Interest-Free Loan, a student must have:

  • Secured an admission in a professional degree offered by a nationally recognized college/university.
  • Loans are only provided for tertiary education in technical disciplines such as Medical, Engineering,  Finance, Software Development, Nursing, ACCA, Business Management, Architecture, & Economics etc.
  • Must maintain “A” Grade in 3 out of 4 semesters/quarters to continue to receive ongoing funding.
  • Must demonstrate financial need eligibility by providing supporting documents.
  • Must provide character certificate from the Principal or Vice Principal of the last institution attended.
  • Must sign loan repayment agreement, witnessed and guaranteed by 2 references, older than 30 years of age. 
  • Demonstrate either past involvement in social change projects, extraordinary talent in non-academic activities or have plans to become a positive influencer in bringing social change in the lives of disadvantaged people and communities. 

Student Profiles

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City: Chitral, Pakistan
Age: 18
Subject: Economics
Institution: LUMS, Pakistan

About: I have demonstrated strong leadership skills and made valuable extracurricular contributions throughout college. As the House Captain of Discipline House, I seized the opportunity to enhance my communication, problem-solving, and critical-thinking abilities. Additionally, I achieved a remarkable feat by winning the college volleyball tournament for three consecutive years. My commitment and dedication will enable me to make the most of this scholarship and achieve my goals.

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City: Chitral, Pakistan
Age: 19
Subject: Software Engineering
Institution: NUST, Pakistan

About: First and foremost, I have maintained a consistently high academic achievement throughout my educational journey. I have consistently been at the top of my class, earning excellent grades and demonstrating a solid commitment to learning. My passion for knowledge and intellectual curiosity has driven me to pursue challenging courses and engage actively in class discussions. Additionally, I have received recognition for my academic achievements, including being placed on the honor roll for multiple semesters. I have been an active member of the school debate team, where I developed strong critical thinking and public speaking skills.

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Meet Your Mentors

We welcome qualified mentor to join Project Joognoo and make a profound impact on the lives of the most deserving and underprivileged individuals, helping them change their lives for the better. We believe that the role of mentors in shaping the future of young people and advancing humanity is an invaluable gift that can be given through the sharing of experience and time commitment. 

By becoming a mentor, you have the power to inspire, guide, and uplift those who are in need of guidance and support. Your wisdom, knowledge, and genuine care can create a ripple effect, transforming not only individual lives but also entire communities. Join us in this journey of empowerment, as together we forge a path towards a brighter future for all.

For Any Questions & Queries

If you have any questions or need any assistance, please feel free to write to us and we will get back to you.