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Araba
Araba sells rice porridge in the vicinity of Elmina in Cape Coast. She is divorced and has two children she is taking care of. Her business is about eight years old. She is responsible for caring for her home. Her loan will be used to buy rice, sugar, milk and other ingredients to make porridge to sell. She anticipates reinvesting the new profit back into the business.

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
  • 21
    View loans »
    Ghana Loans Fundraising
  • $11,214,150
    Funds lent in using Kiva
  • 1.6
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Araba to buy rice, sugar, milk and other ingredients to make porridge.
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:
Jan 16, 2012