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Agatha
Although she has received no prior formal education, Agatha is an entrepreneur. She specializes in preparing and selling ‘kenkey’ (a traditional Ghanaian dish made from corn dough and wrapped in banana leaves). She usually sells her kenkey in Beahu (near Takoradi). She has been involved in preparing and selling kenkey for 10 years. She is married and her husband works as a security personnel. The proceeds from her business normally go towards helping her husband cover the family’s general expenses and pay their children’s school fees.

Agatha wants to use her loan to purchase a greater quantity of maize, thus increasing her current inventory levels. As a result, this will allow her to sell greater quantities of her tasty kenkey. In the long term, Agatha plans to reinvest the future profits back into her business, thus helping her expand and meet the needs of rising customer demands.

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
  • 24
    View loans »
    Ghana Loans Fundraising
  • $11,145,750
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Agatha purchase a greater quantity of maize.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2013
Listed
May 17, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 19, 2013