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Araba
Araba is single and has three children. She has a basic education (primary school). She is a petty trader in Brenu Akyimu, near Elmina, which she has done for the past 10 years. Araba uses her income to pay her children's school fees and to pay for other household expenses such as utility bills, etc.

Araba will use the loan to purchase a variety of goods to sell. With the new profits from her expanded business, Araba plans to invest in her children's education.

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
  • 26
    View loans »
    Ghana Loans Fundraising
  • $11,565,250
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Araba to purchase a variety of goods to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Jul 29, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 18, 2012