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Philomina
Since 2007, Philomina M. has worked as a petty trader in Elmina selling such goods as rice, oil, canned tomatoes and salt. She is married with 2 children and has received an education through Senior High School. While Philomena makes her living as a petty trader, her husband works in the Elmina area as a boat carver. She is responsible for assisting her husband in paying school fees. Her loan will be used to purchase additional food items for re-sale and she hopes to use the new profits from her business to save and build a home.

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
  • 37
    View loans »
    Ghana Loans Fundraising
  • $11,598,000
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Philomina purchase additional food items for re-sale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2009
Listed
Apr 27, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 24, 2009