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Theresa
Theresa cooks konkonte for sale. Konkonte is a local dish made out of cassava. She serves it in palm nut soup and grandnut soup. She has been in this business for 7 years now. Theresa lives together with the husband and 5 dependents in Adum-Banso near Takoradi. She uses her income to assist her husband in the general upkeep of their family.

Theresa will use her loan to purchase cassava for the konkonte, meat, fish, and vegetables ingredients for her dish. With the new profit, she 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

  • $3,500
    Average annual income
  • 31
    View loans »
    Ghana Loans Fundraising
  • $11,458,400
    Funds lent in using Kiva
  • 1.8
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Theresa buy cassava to make food to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2012
Listed
Apr 17, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012