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Irene
Irene is divorced and has one child. Irene graduated from middle school to become an established businesswoman. She decided to use her technical knowledge gained in school to start a seamstress business in Soba (near Hohoe). She has been actively involved in this business for about 30 years. Irene uses her income to provide for the entire family. Irene will use the loan to purchase thread, zippers, linen and cloth to improve her overall sales. With the new profits from her expanded business, Irene plans to diversify the type of products that she sells and adapt to customers' changing preferences.

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

  • $3,500
    Average annual income
  • 26
    View loans »
    Ghana Loans Fundraising
  • $11,565,250
    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 Irene to purchase thread, zippers, linen and cloth.
99% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2013
Listed
Jul 22, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013