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Araba
Araba sells the local dish banku in Kufur near Elmina. Araba has received no formal education. She is married and has two children. Her husband is a fisherman. Araba has been selling the local dish banku for 30 years. She is responsible for supporting her husband and children. Her loan will be used to buy more corn and cassava to make banku. She hopes to use the new profits from her business to improve and expand her banku-making enterprise.

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

  • $2,643
    Average annual income
  • 17
    View loans »
    Ghana Loans Fundraising
  • $10,998,925
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Araba to buy more corn and cassava to make banku.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013