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Mery
Mery M. makes soaps locally for sale in Abura near Frami in Cape Coast. She is holding in her hands one of the soaps she has made. Mery is married and has three children. She has a junior high school educational background. Mery helps her husband provide for the basic needs of the family. Mery will use her loan to purchase more ingredients to prepare the soap for sale. Mery plans to reinvest the new profits from her expanded business back into her business for further growth.

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
  • 46
    View loans »
    Ghana Loans Fundraising
  • $11,467,375
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Mery to purchase more ingredients to prepare soap for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2011
Listed
Mar 19, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2011