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Gladys
Even though Gladys grew up in poverty without an education, this has not stopped her from fulfilling her dream of achieving a better life for her and her family. Currently, Gladys is an entrepreneur. She sells cooked rice in Bogyano (near Cape Coast). Her business enterprise has grown substantially since she began three years ago. She uses the income from her business to help her husband raise their two children.

Gladys has identified that there is growing demand among consumers for her product. Nevertheless, she is unable to meet their needs due to limited inventory capacity. Thus, she aims to use her loan to purchase more rice to sell. With the new profits from her expanded business, Gladys wants to buck the trend by ensuring that all her children will be given the opportunity to further distance their family from poverty.

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
  • 8
    View loans »
    Ghana Loans Fundraising
  • $10,839,425
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Gladys to purchase more rice to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2013
Listed
May 19, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 19, 2013