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Philomina
Philomina K. is a single parent and has five dependents. She has received senior high education.

Philomina sells agricultural products like herbicides and pesticides to the farmers in Elmina, which she has been doing for some time now. She uses her income in payment of school fees and utility bills.

Philomina will use the loan to purchase more agricultural supplies to sell. With the new profits from her expanded business, she plans to reinvest in her business to improve her capital base.

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
  • 38
    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 $350 helped Philomina to purchase more agricultural supplies to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2010
Listed
Feb 8, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 31, 2010