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Margaret
Margaret A. sells plastic chairs at the local market. She is a single mother and says that it is a good business which makes life worth living for her and her child.


She lacks enough capital to purchase in large quantities and would like a loan to improve her purchasing power and thus increase her profits.

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
  • 1.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Margaret to purchase a larger inventory of plastic chairs at lower costs.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 20, 2008
Listed
Jun 6, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2009