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Araba
Araba is a food vendor. She cooks banku [a local dish made from corn dough] for sale. She serves it with okro and fish stew. She has done this for three years. She is married and has three children. She lives with her husband in Essiam near Abura. Her husband is a trader. She uses her income to help her husband pay for their children’s school fees. Her loan will be used to purchase bags of maize and fish which she uses in preparing her banku for sale. She hopes to use the new profits from her business to create a place for her customers to eat.

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
  • 15
    View loans »
    Ghana Loans Fundraising
  • $11,208,075
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Araba to purchase bags of maize and fish which she uses in preparing her banku for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2012
Listed
May 13, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 14, 2012