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Araba
Araba is a palm oil extractor. She also makes and prepares a popular meal, kenkey with fried fish, at the Abura market, as shown in the picture above. She has been in this trade for three years.

Araba and her husband, who is a farmer, have five children. Both parents support each other in helping to pay the household expenses, including school fees and utility bills.

Araba's loan will be used to buy additional bags of maize with which to make kenkey to offer for sale. She intends to use the new profits from her business to ensure the education of 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
  • 40
    View loans »
    Ghana Loans Fundraising
  • $11,582,250
    Funds lent in using Kiva
  • 1.5
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Araba to buy additional bags of maize with which to make kenkey to offer for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 22, 2011