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Mena
Although she has received no formal education, Mena is an entrepreneur. She specializes in selling beverages in Yabiw (near Cape Coast). She has been involved in this enterprise for 30 years. Mena is married and has nine children. Her husband is currently retired. As the sole breadwinner in the family, the proceeds from her business normally go towards covering the entire family’s general expenses.

Mena wants to use her loan to increase her current inventory levels, hence allowing her to sell greater quantities of beverages. In the long term, Mena plans to reinvest future profits into her business, thus helping her expand and meet the needs of rising customer demand.

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
  • 23
    View loans »
    Ghana Loans Fundraising
  • $11,435,900
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,275 helped Mena to increase her current inventory levels.
98% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2013
Listed
May 14, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013