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Assana
Even though Assana 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, Assana is an entrepreneur. She sells local dishes in her chop bar (roadside restaurant/bar) in ASEKAI, near Cape Coast. Since she began it 20 years ago, her business enterprise has grown substantially. She uses the income from her business to help her husband raise their 4 children. Assana has identified that there are growing demands among consumers for her product. Nevertheless, she is unable to meet their needs due to limited inventory. Thus, she plans to use her loan to purchase more ingredients to prepare her local dishes to sell. With the new profits from her expanded business, Assana wants to ensure 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
  • 27
    View loans »
    Ghana Loans Fundraising
  • $11,122,525
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $500 helped Assana to purchase more ingredients to prepare her local dishes.
98% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 20, 2014