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Alice
Alice B. is married and has four dependents. She has received schooling through senior high. Alice sells a variety of cosmetics and clothing at Melcom in Hohoe, which she has done since 1999. Her husband is a trader who earns little from his trading activities.

With the high demand for Alice’s cosmetics, she will use the loan to buy a variety of cosmetics and clothing to sell. With the new profits from her expanded business, Alice plans to reinvest in her 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

  • $3,500
    Average annual income
  • 44
    View loans »
    Ghana Loans Fundraising
  • $11,470,775
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Alice to buy a variety of cosmetics and clothing to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2009
Listed
Jun 18, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 23, 2010