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Eric
Eric A., a woodworker, is married with five children. For two years, Eric has sold plywood and furniture in Siwdo. He received an education through junior high school. His wife is also employed as a trader in the area.


Eric uses his income to help support his family, primarily by paying bills and school fees. He will use this loan to purchase additional wood that he may either sell or use to make furniture. Eric plans to reinvest the new profits from his expanded business back into his trade.

Additional Information

Important Information About CRAN

Please note that Kiva considers loans to this Field Partner, CRAN, to be particularly HIGH RISK. This organization has had very serious delinquency problems brought about by problems with its credit methodology, local environmental shocks including a depletion of local fisheries in its core area of operation (Cape Coast and the Central Province), and insufficient follow up with late clients. Lenders to this business should be aware that there is an increased risk of not getting repaid on this loan due to the challenges facing the Field Partner.

CRAN's creditors - including Kiva - have entered into a new Restructuring Agreement (For more information, please see CRAN's Field Partner profile: http://www.kiva.org/partners/91 ). Kiva will extend its ongoing policy of allowing CRAN to continue to raise funds on the Kiva website. New funds raised will be used to make repayments on older CRAN loans via Kiva’s standard net billing process.

About Ghana

  • $3,500
    Average annual income
  • 30
    View loans »
    Ghana Loans Fundraising
  • $11,440,650
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Eric to purchase additional wood to sell or use to make furniture.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2009
Listed
Apr 18, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 24, 2009