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Kofi
Kofi T. is a fisherman. He goes out to sea to fish. He gives some of the fish to his wife to smoke (process) and sell and he sells the rest to the market women at Elmina. Kofi has received a junior high education. He is married and has four children. His wife is a fishmonger. Kofi has been doing this fish business for some time now. With the support of his wife, he is able to take good care of his family. The loan he will receive will be used to buy a personal boat for fishing. He hopes to use the new profits from his business to build a house on already purchased land. Kofi is leaning with one of the boats he rents for fishing. At the time of visit, he had already sold the fish he caught for the day.

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
  • 8
    View loans »
    Ghana Loans Fundraising
  • $10,993,250
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Kofi to buy a personal boat for fishing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2010
Listed
Mar 24, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2010