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Rita
Rita is a small-scale food vendor. She cooks maize porridge for sale in Assiekie (near Takoradi). She has had some form of formal education, as she is a primary school level graduate. She is married and has three children. Her husband is a driver. Rita has been working as a food vendor for close to six years. As the sole provider in the family, the proceeds from her business normally go towards covering the entire family’s general expenses.

Rita plans on using her loan to purchase an increased quantity of maize and other ingredients, thus allowing her to meet rising customer demands. In the future, she hopes to use the profits from her enterprise to fulfill her dream of mounting a food stand, hence helping her sell from a fixed location.

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
  • 20
    View loans »
    Ghana Loans Fundraising
  • $11,220,300
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $325 helped Rita to purchase an increased quantity of maize and other ingredients, thus allowing her to meet rising customer demands.
99% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013