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Vincentia
Vincentia has been selling cloth and minerals (soft drinks) for the past twenty years at Hohoe. Vincentia has never been to school because she never had anyone to support her financially. She is a widow and has five children. Vincentia is responsible for all the monetary needs of her family. Her loan will be used to buy more cloth and introduce other soft drinks so that she can make more profit. She hopes to use the new profits from her business to enable her to educate her children to the university level.

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

  • $3,500
    Average annual income
  • 37
    View loans »
    Ghana Loans Fundraising
  • $11,582,250
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Vincentia to buy more cloth and introduce other soft drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2013
Listed
Mar 30, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2013