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Matilda Abena
Matilda Abena used to sell cooked rice and stew but now operates a grocery at Elmina, which she has done for 6 years now. The items in her grocery shop are milk, Milo (a breakfast drink powder), sugar, soups, different kinds of soft drinks, tinned tomatoes, tinned fish, biscuits, toffees, powdered milk etc. She is a single parent with 2 children. Matilda uses her income to pay her children’s school fees. She will use her loan to purchase a variety of groceries to sell. With the new profit, Matilda plans to 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

  • $3,500
    Average annual income
  • 34
    View loans »
    Ghana Loans Fundraising
  • $11,572,300
    Funds lent in using Kiva
  • 1.7
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Matilda Abena to purchase a variety of groceries to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2012
Listed
Feb 25, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2012