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John
John A., married and the father of two children, received senior high education. For some time now, John has been selling different shapes and sizes of wood for all purposes in Elmina. Some of his customers are carpenters, contractors and the like. His wife is a trader.



John uses his income in payment of school fees, bills and other financial obligations of the family and will use the loan to purchase more wood for resale. With the additional profits from his expanded business, John plans to save to build a house.

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
  • 47
    View loans »
    Ghana Loans Fundraising
  • $11,467,375
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped John john will use the loan to purchase more wood for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2010
Listed
Feb 25, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 5, 2010