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Derick is an auto mechanic who repairs motorcycles, bicycles and cars. This he has done for 20 years. He is married with three children. He uses his income to provide shelter, food and clothes for his children. Derick will use his loan to acquire more spare parts, tools, and equipment to enable him to service his customers better. With the new profit, he will expand his 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: ). 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
  • 38
    View loans »
    Ghana Loans Fundraising
  • $11,729,450
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Derick to acquire more spare parts, tools, and equipment.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 23, 2013
Feb 11, 2013
Currency Exchange Loss:
May 18, 2013