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Akwesi
After graduating from Junior High School, Akwesi decided to set up his own bicycle repair business in Domenase (near Cape Coast). With over 15 years of experience, he is currently looking to expand his enterprise further. Unfortunately, he is limited due to a lack of funding. As a result, this loan will be used to help him purchase more tools and parts to expand his business. He aims at using the profits from his business to help support his wife (who is a trader) with the upkeep of their house, whilst ensuring that their four children are able to experience a better life.

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
  • 2.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $275 helped Akwesi to help him purchase more tools and parts to expand his business.
99% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
May 19, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013