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Araba
Araba operates a chop bar (where a variety of African dishes are sold) and also produces charcoal for sale. Araba works in Waakrom, near Cape Coast, and has done so for 2 years now. Araba is a single parent and has 4 children. She uses her income to feed her family and pay her children's school fees.

Araba will use her loan to purchase supplies and the necessary food ingredients to prepare and operate her chop bar, and also to purchase fire wood necessary for the production of charcoal. With the new profits, Araba plans 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

  • $2,643
    Average annual income
  • 9
    View loans »
    Ghana Loans Fundraising
  • $10,839,425
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Araba to purchase supplies and the necessary food ingredients to prepare and operate her chop bar, and also to purchase fire wood necessary for the production of charcoal.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
Possible
Ended:
May 18, 2013