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Maame
Even though she did not receive any formal education, Maame, a divorced mother of seven, is a successful businesswoman. She has been selling kooko (porridge) in Afosua, near Cape Coast, for about 12 years. As the sole breadwinner of the family, Maame uses her income to provide for the entire family.



Maame will use this loan to purchase increased amounts of corn flour to make kooko in order to improve her overall sales. With the new profits from her expanded business, she plans to further diversify the types of products that she sells, hence adapting to changing customer preferences.

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
  • 31
    View loans »
    Ghana Loans Fundraising
  • $11,338,825
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Maame to purchase increased amounts of corn flour to make kooko.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2013
Listed
May 18, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013