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Michael is married and has 10 children. He has received a middle school education and his wife is a trained teacher.

Michael owns and operates a drinking spot located in Likpe Bakua in the Hohoe community. He has been operating this drinking spot for the past 12 years to support himself and his family, since he is responsible for all the financial needs of his family.

Michael will use this loan to buy cartons of soft drinks, biscuits and pastries. He hopes to use the new profits from his expanded business to save towards his old age.

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
  • $11,710,625
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Michael to buy cartons of soft drinks, biscuits and pastries.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Apr 2, 2013
May 11, 2013
Currency Exchange Loss:
Aug 17, 2013