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Philomena
Philomena sells grocery like powdered milk, toffees, powdered pepper, biscuits, and others at Elmina. She is married and has 4 children. Philomena has been in this business for some years now. She uses her income to assist her husband in paying their utility bills. She will use her loan to buy groceries like milk, powdered milk, canned tomatoes, cooking oil, canned fish and others to satisfy her customers' needs. She hopes to use the new profits to 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
  • 44
    View loans »
    Ghana Loans Fundraising
  • $11,470,775
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Philomena to buy groceries like milk, powdered milk, canned tomatoes, cooking oil, and canned fish.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013