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Araba
Araba, a widowed mother of three living in Peofofordo near Abura, received no formal education. For the past five years, Araba has been selling mashed corn dough, known as fante kenkey, based upon a recipe taught to her by her mother, She uses the income from her sales to support herself and her children and save for her family's future.



Araba will use this loan to purchase more corn to prepare her recipe. With the new profits from her expanded business, she plans to develop her kenkey operations further to meet customer demand for her tasty treat.

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
  • 8
    View loans »
    Ghana Loans Fundraising
  • $10,839,425
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,325 helped Araba to purchase more corn to prepare her fante kenkey recipe.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Mar 9, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013