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Araba
Due to difficult circumstances, Araba did not have access to any form of formal education, yet this has not stopped her from achieving her dream of becoming an entrepreneur. Currently, Araba sells porridge in Putubiw (near Cape Coast). She has been doing so for about five years. She is married and has two children. Araba uses all of her income to feed and provide for her family. Araba will use the loan to purchase an increased amount of ingredients to make porridge, which will aid her in improving her overall sales. Araba wants to use the future profits from her expanded business to ensure that all her children are able to receive an education.

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

Success!! The loan was 100% repaid

A loan of $325 helped Araba to purchase an increased amount of ingredients to make porridge, which will aid her in improving her overall sales.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2013
Listed
Jun 4, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 19, 2013