Check out some available loans that are similar to this one!
Theresa
Theresa is divorced and has five children. She is standing close to the cupboard in which she stores the bread after she has taken it out of the oven to cool (she does this to prevent flies from settling on the bread before it is bagged). She has run her business for about 12 years. Theresa will use the loan to purchase flour, sugar, currants and other ingredients for baked goods. With the new profits from her expanded business, Theresa plans to buy an additional 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
  • 6
    View loans »
    Ghana Loans Fundraising
  • $10,860,250
    Funds lent in using Kiva
  • 1.6
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Theresa to purchase flour, sugar, currants and other ingredients for baked goods.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 5, 2011
Listed
Oct 10, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 24, 2012