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Mary
Mary D. is a widow with five dependents. She has received no formal education. For 20 years, Mary has worked as a trader selling clothing, lace, fabric lining and saucepans in Siwdo near Cape Coast. She uses her income to pay for her family’s various household expenses and bills. Mary will use the loan to purchase more clothing, lace, fabric lining and saucepans for selling and with the new profits from her expanded business, Mary plans to reinvest.

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
  • 36
    View loans »
    Ghana Loans Fundraising
  • $11,598,000
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Mary mary will use the loan to purchase more clothing, lace, fabric lining and saucepans for selling.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2009
Listed
May 18, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 23, 2010