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Joseph
Joseph is the owner of a drug store located in Narkwa (near Cape Coast). His earnings are generally used to help his wife (who is a teacher) support their six children. He has been involved in selling medicine for 12 years. He plans to use his loan to buy more inventory, which will help him sell more. He aspires to use his profits to better market his enterprise and to increase his existing working capital. He hopes that this strategy will allow him to expand his customer base.

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 $275 helped Joseph to purchase more medicines for his drug store, thus helping him to increase sales.
99% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013