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.
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.