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Faustina
Faustina lives together with her husband and four children at Enyinase near Elmina. She sells secondhand children's and ladies wear; she has been selling secondhand clothes for eight years now. She uses her income to support her husband in paying their utility bills. Faustina needs this loan to purchase more secondhand ladies and children's wear to sell. With the new profits Faustina plan 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
  • 39
    View loans »
    Ghana Loans Fundraising
  • $11,588,250
    Funds lent in using Kiva
  • 1.8
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Faustina to purchase more secondhand ladies and children's wear to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
Apr 18, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012