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Mary
Even though Mary grew up in poverty without an education, this has not stopped her from fulfilling her dream of achieving a better life for herself and her family. Currently, Mary is an entrepreneur. She prepares and sells ‘Banku’ for a living (a traditional Ghanaian dish made using fermented corn/cassava dough that is mixed proportionally and cooked in hot water into a smooth whitish consistent paste). She primarily sells her ‘Banku’ in Effutuakwa (near Cape Coast).

Her business enterprise has grown substantially since she began 4 years ago. She uses the income from her business to help her husband raise their 6 children. Mary has identified that there are growing demands among consumers for her ‘Banku’. Nevertheless she is unable to meet their needs due to a limited inventory. Thus she aims to use her loan to purchase a greater quantity of maize and cassava, therefore helping her to prepare more of her tasty ‘Banku’.

With the new profits from her expanded business, Mary 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
  • 20
    View loans »
    Ghana Loans Fundraising
  • $11,204,825
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $250 helped Mary to purchase a greater quantity of maize and cassava, therefore helping her to prepare more of her tasty ‘Banku’.
99% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2013
Listed
Jun 8, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013