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Memuna
Memuna is single and has 4 children. After successfully graduating from senior high school, Memuna is now an established businesswoman. She works as both a dressmaker & prepares and sells Accra Kenkey (a traditional Ghanaian dish made from corn dough that is wrapped in banana leaves) in Akatakyiwa (near Cape Coast). She has been actively involved in both businesses for about 5 years. As the sole breadwinner in the family, Memuna uses her income to provide for the entire family. Memuna will use the loan to purchase increased amounts of dresses and maize, thus aiding her to improve her overall sales for both businesses. With the new profits from her expanded businesses, Memuna plans to further diversify the type of products that she sells, hence adapting to changing customer preferences.

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
  • 34
    View loans »
    Ghana Loans Fundraising
  • $11,572,300
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Memuna to purchase increased amounts of dresses and maize, thus aiding her to improve her overall sales.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Mar 31, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013