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Faustina
Faustina A. cooks banku (a local dish made from corn dough) and sells it locally. It is called “etew” by the Fante people at Takoradi. She serves it with okro (okra) stew and hot pepper sauce with fish and meat.

Faustina has no educational background. She is married and has three children. Her husband is a mason. She responsibly supports her husband in the payment of school fees and utility bills.

Faustina’s loan will be used to buy more maize to be able to cook in bigger quantity for sale. She anticipates using the new profits from her business to educate her children.

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
  • $11,588,250
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Faustina to buy more maize to be able to cook in bigger quantity for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2010
Listed
Aug 14, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 22, 2011