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Margaret
Although she has received no prior formal education, Margaret is an entrepreneur. She works as a petty trader in Apewosika (near Cape Coast). She has been involved in this enterprise for 1 year. Margaret is married and has 3 children. Her husband works as a teacher. The proceeds from her business normally go towards helping her husband cover the family’s general expenses and pay their children’s school fees. Margaret wants to use her loan to increase her current inventory levels, hence allowing her to sell greater quantities of biscuits, groundnuts, and gari. In the long term, Margaret plans to reinvest future profits 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
  • 27
    View loans »
    Ghana Loans Fundraising
  • $11,149,275
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Margaret to purchase inventory to sell greater quantities of biscuits, groundnuts, and gari.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jun 9, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 19, 2013