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Veronica
Veronica sells rice porridge at Brasi near Abura. She is married to a farmer and has 5 children. She has been selling porridge for 15 years. She uses her income to help her husband pay utility bills. Veronica will use her loan to purchase bulk rice for the preparation of porridge. With the new profits, Veronica will expand her 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
  • 17
    View loans »
    Ghana Loans Fundraising
  • $11,220,300
    Funds lent in using Kiva
  • 1.6
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Veronica to purchase bags of bulk rice for making porridge.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2011
Listed
Dec 18, 2011
Currency Exchange Loss:
Possible
Ended:
May 16, 2012