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Monica sells used clothing in Eguafo near Elmina. Monica has received no formal education. She is married and has 2 children. Monica has been selling used clothing for some time now. She is responsible for helping to support her husband to pay their family’s general expenses. Her loan will be used to buy more used clothing to sell. She hopes to use the new profits from her business to increase her capital base and buy more used clothing to sell in the market.

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
  • 33
    View loans »
    Ghana Loans Fundraising
  • $11,967,750
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Monica to buy more used clothing to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Feb 18, 2013
Mar 15, 2013
Currency Exchange Loss:
Oct 19, 2013