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Faustina
Faustina N. is a trader who owns a provisions store. She is married and has 4 children. She is working very hard, and business is doing very well. She wants to increase sales and maximize profit, but her problem is a lack of adequate capital.



She is asking for $525 as additional capital to buy more goods for sale.

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
  • 25
    View loans »
    Ghana Loans Fundraising
  • $11,557,625
    Funds lent in using Kiva
  • 1.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Faustina as additional capital to buy more goods for sale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 2, 2008
Listed
Apr 17, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2009