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Theresa
Theresa sells kenkey* at Abresiah near Elmina. She has been selling kenkey for 6 years. She is a single parent and has 4 children. She uses her income to feed and clothe her children and to pay their school fees. Theresa needs this loan to purchase bags of maize for her kenkey production. With the new profit, Theresa wishes to expand her business.

*fermented corn dough wrapped in corn or banana leaves, often accompanied by fried fish

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
  • 28
    View loans »
    Ghana Loans Fundraising
  • $11,565,250
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Theresa to purchase bags of maize for her kenkey production.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
May 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 16, 2013