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Although he has received no formal education, Isaac is an entrepreneur. He specializes in selling charcoal in Egyirfa (near Cape Coast). He has been involved in this enterprise for 20 years. Isaac is married and has one child. His wife works as a trader. The proceeds from his business normally go toward helping his wife to cover the family’s general expenses and to pay their children’s school fees. Isaac wants to use his loan to increase his inventory levels, thus allowing him to sell more charcoal. In the long term, Isaac plans to reinvest the profits in his business, which will help him to expand and meet rising customer demand.

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: ). 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
  • 40
    View loans »
    Ghana Loans Fundraising
  • $11,582,250
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $600 helped Isaac to increase his inventory levels, which will enable him to sell more charcoal.
99% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
May 24, 2013
Jun 19, 2013
Currency Exchange Loss:
Nov 19, 2013