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Sofo Maame
Sofo Maame is married and has 4 children. She received schooling through junior high school. Sofo Maame sells diapers and toiletry products in Nkontrodo near Elmina, which she has done for 2 years. Her husband is a minister in their community. Sofo Maame uses her income to help support her husband in paying their family's general expenses. Sofo Maame will use the loan to purchase additional inventory for her shop. With the new profits from her expanded business, Sofo Maame plans to grow her toiletries shop further and further meet the needs of her community members.

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
  • 26
    View loans »
    Ghana Loans Fundraising
  • $11,122,525
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Sofo Maame to purchase more inventory for her shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 21, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013