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Maame
Maame N. is married and has 6 children. She has no formal education. Maame has been selling palm oil in Abrafo, near Abura, for 4 years. Her husband is a mechanic. Maame uses her income to pay for sending her children to school. This means that she and her husband have to pay for school fees, books and uniforms. Any leftover money is used for the family's sustenance.

Maame will use this loan to purchase larger quantities of palm fruits in order to produce more oil to sell. With the new profits from her expanded business, Maame plans to provide a solid financial foundation to enable her children to enjoy the best possible education. She will reinvest part of the money in her business and repay the loan.

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
  • 9
    View loans »
    Ghana Loans Fundraising
  • $10,987,775
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Maame to purchase larger quantities of palm fruits.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2010
Listed
Jan 13, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2011