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Araba
Araba B. has received a junior high education. She is married and takes care of seven dependants. Araba sells smoked fish at Elmina. Her husband is a security man. Araba uses her income to support her husband in the payment of school fees and utility bills. Araba will use the loan to purchase more fresh fish to smoke (process) and sell. With the new profits from her expanded business, Araba plans to save to build a shade over her traditionally built oven.

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
  • 30
    View loans »
    Ghana Loans Fundraising
  • $11,338,825
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $75 helped Araba to purchase more fresh fish to smoke (process).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2010
Listed
Jul 23, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 22, 2010