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Papa
Papa G. is married and has four children. He has junior high school education. Papa sells fabrics, clothing and lace at Elmina, which he has been doing since 2006. His wife is a trader. Papa uses his income to pay school fees and utility bills. Papa will use the loan to purchase more of his clothing to resell at the market. With the new profits from his expanded business, Papa plans to build a new house for his family.

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
  • 26
    View loans »
    Ghana Loans Fundraising
  • $11,122,525
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Papa papa will use the loan to purchase more of his clothing to resell at the market.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2009
Listed
Aug 20, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2010