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Salamatu
Salamatu is married to a mason and has three children. She sells waakye (rice and beans cooked together) and serves it with gari, macaroni, meat, and fish stew. Salamatu has been selling waakye for 11 years.

She uses her income to support her husband in paying their children’s school fees. Salamatu needs this loan to purchase bags of rice, beans, and other ingredients to make waakye. With the new profit, Salamatu will 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
  • 46
    View loans »
    Ghana Loans Fundraising
  • $11,467,375
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Salamatu to purchase bags of rice, beans and other ingredients to make waakye.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2012
Listed
Jul 30, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2012