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Mr. Odonjamaa, 57 years old, lives with his wife and daughter in Erdenet, the third largest city of Mongolia. The family resides in an old house on plot of land.

Odonjamaa has been rendering transportation service to local people since 1990. His wife has the profession of tailor and works at a cashmere factory. Their daughter studies at a medical college.

Odonjamaa is requesting a loan of MNT 4,000,000 to pay for his daughter's tuition fee. He thinks the best thing he can do for his daughter is to invest in her education, which will later help her to fulfill her dreams.

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

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,669.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,400 helped Odonjamaa to pay for his daughter's tuition fee.
97% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 17, 2013
Nov 1, 2013
Currency Exchange Loss:
Apr 17, 2015