Check out other loans that are currently fundraising!
Odmaa
Mrs. Odmaa is 27 years old, married, and has one daughter who is 5 years old. Her husband, Turkhuu, who is 30, works as a taxi driver. They do not have their own land and house to live in and are staying in Turkhuu’s grandmother’s house at the moment.

She has been running a retail shoe business since 2007 and it has been doing very well since then. She buys shoes from wholesalers who bring them from China and sells them at her stall in the local market in Ulaanbaatar city.

She is a very hardworking person. Her future plan is to expand her business and to buy a family house. The loan she is requesting will be used to increase her inventory and to buy warm winter shoes for resale.

Additional Information

About Credit Mongol

Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.

About Mongolia

  • $2,175
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,327.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Odmaa to increase her inventory and to buy a warm winter shoes for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2010
Listed
Oct 2, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2011