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Veronica
Veronica M. is a widow and has six dependants. She received schooling through the junior high level. Veronica sells plastic products such as bowls and other home utensils in Agona. She has been in this business since 1996. Veronica uses her income to feed her family. She will use the loan to buy more plastic products to sell. Veronica plans to reinvest the new profits into the business.

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
  • 31
    View loans »
    Ghana Loans Fundraising
  • $11,338,825
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Veronica to purchase more plastic products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 1, 2009
Listed
Jun 17, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 23, 2010