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Kwaku
Kwaku A. is married with three children and has received no formal education. Kwaku produces and sells palm oil at Frami near Abura, which he has done for five years. He uses his income to help pay for his family’s bills and various expenses. Kwaku’s wife also works as a trader in the Abura area.


Kwaku will use the loan as additional capital to help meet the demands of his customers. He will purchase more palm fruits for the production of the palm oil. With the new profits from his expanded business, Kwaku plans to reinvest in the business for the expansion of 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

  • $2,643
    Average annual income
  • 19
    View loans »
    Ghana Loans Fundraising
  • $11,215,975
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Kwaku to buy more palm fruits for the production of palm oil.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2009
Listed
Apr 23, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 24, 2009